Beef demand has remained remarkably strong since the pandemic started in March, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter to Extension agents called Cow/Calf Corner. The first half of 2020 saw unparalleled disruptions in beef supply and demand, Peel said.  But since July, steer and heifer slaughter has averaged … Read More

True to form, Canada’s cattle feedlot population rose in October to a Nov. 1 total of 940,248 head, according to data from CanFax that was compiled and published by the Livestock Marketing Information Center in Denver. CanFax, a private market advisory firm, collects the data from Alberta and Saskatchewan feedlots for its monthly report.  Most … Read More

Large commodity investment firms, called managed money, covered short live cattle futures positions aggressively in the week ended Tuesday, Nov. 3, while hedgers extended their collective net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Monday.  The report was delayed from Friday by the observance of the … Read More

The Consumer Price Index from the US Bureau of Labor Statistics last week showed Consumer Prices for All Urban Consumers were unchanged in October on a seasonally adjusted basis after rising 0.2% in September. Over the last 12 months, the all-items index increased 1.2% before seasonal adjustments. A market analyst said that with the money … Read More

Better profit opportunities for crop and livestock producers, as well as additional government support, created more favorable conditions for Tenth District farm finances in the third quarter than earlier in the year, said the Kansas City Federal Reserve Bank, in a report. Farm income and credit conditions remained weak, but the pace of deterioration slowed … Read More

The USDA’s forecast for 2020 total red meat and poultry production Tuesday was raised from last month on higher beef, pork and broiler production estimates. The data came from the monthly World Agricultural Supply and Demand Estimates report Tuesday. For 2021, the total red meat and poultry forecast was raised from last month as higher … Read More

Dec Chicago corn futures shot up by $0.15 ½ a bushel Tuesday to settle at $4.23 after the USDA’s World Agricultural Outlook Board released its November World Agricultural Supply and Demand Estimates report, dropping its ending stocks estimate to its lowest point in 21 years. Soybean futures also shot up, setting a new contract high. … Read More