Large commodity index funds, otherwise known as managed money, cut their collective net long live cattle futures position in the week ended Tuesday for the fourth straight week. Hedgers, called commercial traders, followed suit, cutting their total net short live cattle position for the fourth straight week. The information came from the Commodity Futures Trading … Read More

Russia’s invasion of Ukraine, which began in February, has caused broad disruptions in global commodity markets, said a report about the effects on markets and consumers from the Kansas City Federal Reserve Bank Thursday. Russia and Ukraine are important producers and exporters of energy and agricultural products, such as oil, natural gas, wheat and corn, … Read More

Canada’s cattle on feed total on May 1 was down seasonally from April 1 but remained well above last year and the previous five-year average, according to data from CanFax, a private market advisory company. However, the number of calves placed on feed in April was only slightly more than last year and the 2016-2020 … Read More

Total red meat supplies in freezers on April 30 were up about 4% from the previous month and up about 16% from last year, according to the monthly Cold Storage report. Total frozen poultry supplies were up about 1% from the previous month and up about 1% from a year ago.   BEEF STOCKS MIXED … Read More

Drought is playing a significant role in the cattle cycle as calves are pushed into feedlots at a faster-than-desired pace, according to the USDA’s Livestock, Dairy, and Poultry Outlook report. Two years of drought have deteriorated pasture and forage conditions, taking the pastureland condition index for 2022 to its worst start for the grazing season … Read More

Managed money, otherwise known as large commodity index funds, cut their collective net long live cattle position during the week ended Tuesday as futures prices dropped. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday, which also showed that commercial traders, those who, theoretically, could make or take delivery … Read More

US agricultural credit conditions improved in the first quarter as farm real estate values increased alongside strength in the farm economy, Kansas City Federal Reserve Bank Economists Nate Kauffman and Ty Kreitman said in a Bank release. Following a year of accelerating increases, the value of non-irrigated cropland across much of the US soared in … Read More