August beef exports were slightly more than last August’s large volume and again topped $1 billion in value, reaching this milestone in seven out of eight months this year, according to data released by USDA and compiled by the US Meat Export Federation.  August exports of US pork topped year-ago totals for the first time … Read More

Managed money, a proxy for large commodity investment firms, slashed their collective net long live cattle position in the week ended Tuesday as hedgers cut their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday.   MANAGED MONEY SELLS CATTLE   Managed money Tuesday had … Read More

It’s surprising with inflation so strong, but consumer demand for choice beef does not seem to be waning. Weekly choice boxed beef prices reported by the USDA are off a little, but the difference in the wholesale prices of choice and select beef remain firm and strong.  This indicates wholesale prices for choice and select … Read More

Current price difference between steer and heifer calves could work to slow the placement of heifers into feedlots, said Elliott Dennis, Extension livestock economist at the University of Nebraska, Lincoln, in a letter to Extension agents called In The Cattle Markets, published by the Livestock Marketing Information Center. For now, there are hints the breeding … Read More

The latest Purdue University/CME Group Ag Economy Barometer farmer sentiment index declined five points to a reading of 112 in September, said Purdue Agricultural Economist James Mintert, it a release. The Ag Economy Barometer is calculated each month from 400 US agricultural producers’ responses to a telephone survey, the release said.  This month’s survey was … Read More

In its Grain Stocks report Friday, the USDA said it had reviewed 2021-22 crop year data and made some revisions to 2021 corn and soybean production estimates, which affected ending stocks data. In the report, US corn production for 2021 was revised down 41.4 million bushels, and US soybean production was revised up 30.2 million … Read More

Large commodity investment funds, known as managed money, decreased their collective net long live cattle futures position in the week ended Tuesday, while hedgers did the same with their total net short position. That was according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report for trader groups’ positions as of the preceding … Read More