Large commodity index funds, known as managed money, cut their collective net long position in live cattle futures during the week ended Tuesday, Jan. 11, as hedgers also reduced their collective net short position. The information came from data released by the Commodity Futures Trading Commission in its weekly Commitments of Traders report.   MANAGED … Read More

In its monthly World Agricultural Supply and Demand Estimates report, the USDA raised its estimate of total 2021 red meat and poultry production estimate from last month. Beef and poultry production estimates for 2021 were raised while pork production was expected to decline. For 2022, the total red meat and poultry forecast was raised from … Read More

November Kansas feedlot closeouts declined again, a move that mirrors the 2020 month, but goes contrary to the 2015-2019 average. The data came from a monthly Kansas State University Extension Service survey of selected, representative feedlots around the state.  The data is then compiled and published by the Livestock Marketing Information Center in Denver.   … Read More

US beef export value reached another new high in November, topping $1 billion for the second time in 2021, according to data released by the USDA and compiled by the US Meat Export Federation. November pork exports were lower than a year ago, but year-to-date export value maintained a record pace at more than $7.5 … Read More

As of last Tuesday, Jan. 4, large commodity investment firms, known as managed money, had a larger collective net long position in live cattle futures than they had a week earlier. At the same time, commercial traders, those who own cattle and theoretically could make or take delivery of a futures contract, expanded their collective … Read More

A relatively new company has emerged to help producers and retailers hedge the prices of agricultural products they sell or buy when there is no viable futures market. Jim Sullivan, vice president of partnership for Stable, said the company uses large price datasets to generate insurance policies on the price of an input or product.  … Read More

There was little excitement in the country this week from news the Biden Administration has an “action plan for a fair, more competitive and more resilient meat and poultry supply chain.” Many wanted more facts, but this is so new and yet so warmed over that details are lacking, a market analyst said.  The “plan” … Read More