The USDA’s monthly World Agricultural Supply and Demand Estimates report Friday lowered its forecast 2020 total red meat and poultry production from last month as lower pork and broiler production more than offsets higher beef and turkey production. For 2021, the total red meat and poultry forecast was reduced from the August report on lower … Read More
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LMIC Sees Higher Cull Cow Prices
The Livestock Marketing Information Center said in a letter to Extension agents called the Livestock Monitor, that economists there expect a general year-over-year increase in cull cow prices for the balance of this year and throughout next year. Expected increases in calf prices imply less pressure to cull cows across the country as a whole, … Read More
July Kansas Closeouts Rise Unseasonably
After an unseasonal drop in June, Kansas feedlot sales of fed cattle to beef packers showed an unseasonal increase in July, according to Kansas State University Extension Service data that was compiled and published by the Livestock Marketing Information Center in Denver. The data is gathered from a select, representative group of Kansas feed yards … Read More
Funds Sell Cattle Futures, Buy Corn
Large commodity investment funds, called managed money, cut their collective net long live cattle futures position in the week ended Tuesday, Sep. 1, according to data from the Commodity Futures Trading Commission Friday. The data came from the CFTC’s weekly Commitments of Traders report and said managed money’s new net long cattle position Sep. 1 … Read More
July Beef, Pork Exports Rise; Prospects Good
July US beef and pork exports rose in July but remain below year-ago levels, according to data released by the USDA and compiled by the US Meat Export Federation in Denver. “It is important to remember that the monthly export data is in the rear-view mirror and that weekly export sales data, along with observations … Read More
Protect Fall Grazing Potential: Economist
This year’s Southern Plains fall wheat grazing season is starting with profit potential, but care must be taken to avoid losing out, said Derrell Peel, Oklahoma State University agricultural economist in a letter to Extension agents called Cow/Calf Corner. Risk management should be considered carefully, Peel said. Futures markets may offer an opportunity to lock … Read More
Beef Cow Inventory Sliding
It looks like US beef cow inventory is headed lower for the year, possibly fueled by drought in western states and higher average prices for cull cows. It’s a little hard to tell when looking at a graph of weekly federally inspected cow slaughter numbers from the USDA’s Agricultural Marketing Service and its National Agricultural … Read More