Large traders of live cattle futures slashed their positions in live cattle futures in the week ended last Tuesday, June 28, according to Friday’s weekly Commitments of Traders report from the Commodity Futures Trading Commission.   FUNDS LIQUIDATE CATTLE POSITIONS   Large commodity investment firms, known as managed money had a collective net long live … Read More

The US inventory of all hogs and pigs on June 1 was 72.5 million head, said the USDA’s Quarterly Hogs and Pigs report this week.  This was down about 1% from a year ago and down slightly from March 1. The breeding herd, at 6.17 million head, was down about 1% from last year but … Read More

Although Oklahoma’s agricultural economy has remained solid, expectations for farm income and credit conditions have softened more than in other states, particularly in wheat-and cattle-producing areas affected by extreme drought, said Cortney Cowley, economist at the Oklahoma City branch of the Kansas City Federal Reserve Bank, in a study Wednesday. Oklahoma received more rain in … Read More

It will take several months for feedlots to work through their June 1 record inventory, and the longer it takes, the more sudden and dramatic the inevitable decline will be, said Oklahoma State University Livestock Marketing Specialist Derrell Peel, said in a newsletter to Extension agents called Cow-Calf Corner. Feedlot numbers are declining seasonally with … Read More

The number of cattle in Canadian feedlots on June 1 continued a seasonal decline, although at a higher level than either last year or the 2016-2020 average, according to data from CanFax, a private Canadian consulting firm. CanFax collects the data from member feedlots in Alberta and Saskatchewan each month and then releases the data … Read More

For the second straight week, large commodity index funds, known as managed money, increased their collective net long live cattle futures positions, according to Commodity Futures Trading Commission data. At the same time, hedgers, known as commercial traders because they deal mostly in the cash market and use the futures market to hedge their cash … Read More

Thursday’s monthly USDA Cold Storage report was hard to interpret.  Stocks of meat and poultry were down from a month earlier but up from the pandemic-laden 2021. Consumers were buying meat last month in spite of inflation, but it’s hard to say they were cutting back from last year. Total red meat supplies in freezers … Read More