As the war in Ukraine rages on, concern is growing about world food supplies.  Worst-case scenarios have a sky-is-falling feel to them, but unlike the fairy tale, such scenarios could play out, market analysts said. Fears of shortages revolve around major agricultural exports of Ukraine and Russia and how their absences ripple across production and … Read More

Large commodity investment funds, known as managed money, increased their collective net long live cattle futures position in the week ended Tuesday, while hedgers boosted their total net short position. The data came from the weekly Commitments of Traders report from the Commodity Futures Trading Commission on Friday.   MANAGED MONEY GETS LONGER   Managed … Read More

Total US first-quarter red meat and poultry production was down from the same quarter in 2021 and could decline again in 2023, according to data from the USDA’s National Agricultural Statistics Service and the Livestock Marketing Information Service. Historical data came from the NASS, while the projections came from the LMIC. First-quarter US commercial beef … Read More

Total red meat supplies in freezers on Feb. 28 were up about 5% from the previous month and up about 1% from last year, said the USDA’s monthly Cold Storage report Wednesday. Total pounds of beef in freezers were up about 1% from the previous month and up about 4% from last year. Frozen pork … Read More

The number of cattle populating feedlots in Alberta and Saskatchewan, CA, as of March 1 continued to be more than last year and the previous five-year average, said the Livestock Marketing Information Center in Denver, quoting statistics from CanFax, a private market advisory service in Canada. CanFax generates the data from member feedlots in the … Read More

Beyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation, said economists at the International Monetary Fund in a blog. Effects will flow through three main channels, they said. –One, higher prices for commodities like food and energy will push … Read More

Large commodity index funds, called managed money, increased their collective net long live cattle futures position in the week ended Tuesday, as hedgers cut their total net short position. The data was from the weekly Commitments of Traders report Friday, issued by the Commodity Futures Trading Commission.   MANAGED MONEY BUYS CATTLE   As of … Read More