Managed money, a proxy for large commodity investment funds, reversed course and took on a larger net long live cattle futures position in the week ended Tuesday as hedgers acquired a larger net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders Report Friday.   FUNDS GET LONGER CATTLE … Read More

High late-season wholesale turkey prices could put a dent in grocery store marketing programs this year, said the Livestock Marketing Information Center in a posting to Extension agents called Livestock Monitor. Current wholesale whole bird prices in the $1.30-$1.40-per-pound range (up from $1.10-$1.20 a year ago) are consistent with limited frozen inventories and usage this … Read More

Last week, Oklahoma got that “million-dollar rain” grazers needed to get winter wheat growing to provide winter grazing for purchased or retained calves. Paul Beck, Oklahoma State University State Extension beef nutrition specialist, said in a newsletter to Extension agents called Cow-Calf Corner that timing is critical and any delay can have large effects on … Read More

The USDA’s forecast for 2021 total red meat and poultry production was lowered from last month as lower pork, broiler and turkey forecasts more than offset a higher beef forecast. For 2022, the total red meat and poultry forecast was reduced from the September report. The new estimates came from the USDA’s monthly World Agricultural … Read More

Kansas feedlot sales to beef packers in August declined unseasonably from an unusually high rate in July, according to data gathered by the Kansas State University Extension Service. The data from select feedlots around Kansas is compiled and published by the Livestock Marketing Information Service in Denver.  The resulting information is a calculated average for … Read More

Large commodity investment funds, better known as managed money, cut their collective net long position in live cattle futures for the sixth straight time in the week ended Tuesday. Hedgers also cut their collective net short position in the same week. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report … Read More

US beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by the USDA and compiled by the US Meat Export Federation. Pork exports posted another strong month in August, remaining ahead of the record pace established in 2020. “August export results … Read More