Large commodity investment firms, called managed money, kept buying live cattle futures during the week ended Tuesday, extending their collective net long position for the fifth straight week. The Commodity Futures Trading Commission, in its weekly Commitments of Traders report Friday provided the data that said managed money’s new net long live cattle futures position … Read More

8-21-20 – Wholesale beef prices are rising rapidly, driven by gains in higher-priced cuts, even though restaurant demand has been slashed by the Great Lockdown. Boxed beef prices apparently are rising sharply as retail grocers step into the spot market to shore up supplies ahead of the Labor Day holiday, a market analyst said.  With … Read More

Second-half 2020 forecasts for beef production were increased from last month on a faster-than-anticipated slaughter pace, the USDA’s World Agricultural Outlook Board said in its monthly Outlook report. The anticipated increase in slaughter raised the annual beef production forecast to 27.0 billion pounds, the Outlook report said.  The 2021 production forecast was lowered to 27.6 … Read More

8-19-20 – The emergence of COVID-19 has created substantial challenges for all segments of the US meat supply chain, but especially for producers and consumers, the Federal Reserve Bank of Kansas City said in a report. Beginning in April, outbreaks of COVID-19 at meatpacking plants led to significant disruptions and created issues of oversupply and … Read More

It took a while for grain traders and investors to realize the extent of the damage from the derecho that passed through the Midwest last week, but it’s clear now that the destruction was massive and widespread. Still, the full extent won’t be known until farmers try to harvest this crop, market analysts said.  The … Read More

Large commodity investment firms, called managed money, continued to buy live cattle futures during the week ended Tuesday, taking them to their largest cumulative net long position since Feb. 4. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. That report said managed money’s new net long live cattle … Read More

Farm income and credit conditions in the Federal Reserve Bank’s tenth district deteriorated further in the second quarter, said a release from the Federal Reserve Bank of Kansas City. The Federal Reserve Bank’s tenth district encompasses Colorado, Missouri, Kansas, Nebraska, New Mexico, Oklahoma and Wyoming. Low commodity prices and concerns about the effects of the … Read More