Colorado State University Agricultural Economist Stephen Koontz said in a Livestock Marketing Information Center newsletter to Extension agents this week called In The Cattle Markets that strong domestic and export demand was fueling strong beef prices. That shouldn’t be a big surprise, but Koontz added that “if beef prices are strong and supplies are reasonably … Read More

Canada’s total beef cattle inventory on July 1 was lower than last year as the number of cows dipped and heifer replacements declined, according to data from Statistics Canada that was compiled by the Livestock Marketing Information Center in Denver.   JULY 1 TOTALS DROP   A graph of the July 1 data showed a … Read More

Managed money, a moniker for large commodity investment funds, increased the size of their collective net long live cattle position in the week ended Tuesday, while cattle owners extended their total net short position. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday.   FUNDS GET LONGER CATTLE   … Read More

The US beef market, which never is crystal clear, seems murkier than ever right now, a market analyst said. On one hand, wholesale beef prices for choice grade beef over select grade remain elevated compared with the 2016-2020 average when seasonal pressures should be taking them lower, the analyst said. On the other hand, frozen … Read More

Over the last several weeks, US/China tensions have heightened over Taiwan, raising concerns among cattle producers about the sensitivity of the US beef industry to such tensions, said Elliott Dennis, Extension livestock economist at the University of Nebraska, Lincoln, in a Livestock Marketing Information Center letter to Extension agents called In The Cattle Markets. President … Read More

Reuters reporters Pavel Polityuk and Johnathan Spicer reported that, “A total of 33 cargo ships carrying around 719,549 tonnes of foodstuffs have left Ukraine under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian agriculture ministry said on Tuesday,” according to Kieth Good of Illinois Farm Policy News. … Read More

Total red meat supplies in freezers on July 31 were down about 1% from June but were up about 23% from last year, the USDA’s National Agricultural Statistics Service said in its monthly Cold Storage report. The report tallies the amount of meats, fruits and vegetables in US freezers on the last day of the … Read More