The number of cattle on feed in Canada June 1 remained higher than last year and the previous five-year average after an uncharacteristic upturn a month earlier. The data came from CanFax, a private market advisory firm that collects the data from members in Alberta and Saskatchewan.  The Livestock Marketing Information Center in Denver then … Read More

Large commodity investment funds, called managed money, expanded their collective net long live cattle futures position to its largest in four months during the week ended Tuesday, extending their buying spree to five weeks. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new net long cattle … Read More

The USDA’s Economic Research Service forecast for 2020 red meat and poultry production Thursday was raised from last month as higher expectations for beef, pork and broiler production more than offset ideas of lower turkey production. The new forecasts came from the monthly World Agricultural Supply and Demand Estimates report, which said the larger forecast … Read More

As much as wholesale beef prices have fallen in the last three weeks, they still aren’t down to last year or the previous five-year average. The Livestock Marketing Information Center in Denver tracks USDA Agricultural Marketing Service data, plots it on graphs and publishes them on its web site. The LMIC graph for average weekly … Read More

Going along with beef packing plant closures and slowdowns in April, Kansas feedlots sold far fewer fed cattle to the plants than in March, according to statistics gathered by the Kansas State University Extension Service and compiled by the Livestock Marketing Information Center. However, it’s interesting that April feedlot marketings weren’t a long way below … Read More

April proved to be a solid month for US beef and pork exports despite COVID-19-related interruptions in production and declining purchasing power of some key trading partners, according to data released by USDA and compiled by the US Meat Export Federation. Beef export values were below last April’s large totals but still topped $600 million, … Read More

Large commodity investment funds, known as managed money, nudged their collective net long live cattle futures position higher during the week ended Tuesday as hedgers continued to extend their net short position. Those conclusions came from data published by the Commodity Futures Trading Commission in its weekly Commitments of Traders report Friday. In the report, … Read More