Choice beef prices seem to be getting more inelastic than they were 20 or 30 years ago. Ignoring the four-week price spike in May of 2000 when COVID cut production, USDA choice boxed beef prices continued to rise and have been setting weekly record prices this spring.   TRADING HIGHER THAN $300   In fact, … Read More

US all hay supplies this year are projected to continue rising following two years of gains from the recorded bottom in 2022. Data from the USDA’s National Agricultural Statistics Service and forecasts by the Livestock Marketing Information Center in Denver projected total stocks from 2025 production and carryover from last year to be 146.19 million … Read More

During the week ended Tuesday, large commodity index funds, or managed money, lowered their collective net long live cattle futures position as cattle owners cut their total net short position. The information came from the weekly Commitments of Traders report from the Commodity Futures Trading Commission on Friday.   FUNDS TRIM LONG CATTLE POSITION   … Read More

US Secretary of Agriculture Brooke Rollins Tuesday provided an update on the US Department of Agriculture’s ongoing partnership with Mexico to combat the New World Screwworm. Although the fly is native to the Americans, the USDA suspended livestock imports from Mexico to prevent the spread of the pest into the US.  This suspension is to … Read More

One of the reasons the beef trade market is so interesting is that the US imports and exports beef, said David Anderson, agricultural economist at Texas A&M University, in a Livestock Marketing Information Publication called In The Cattle Markets. And, it’s been about seven weeks since US tariffs and retaliatory tariffs were announced, affecting beef, … Read More

Large commodity index funds, or managed money, liquidated some of their collective net long live cattle futures position in the week ended last Tuesday, May 20, according to the weekly Commitments of Traders report Friday from the Commodity Futures Trading Commission. Commercial traders, those who deal more with the cash cattle market, clipped their total … Read More

Total red meat supplies in US freezers on April 30 were up about 5% from the previous month but down about 6% from last year, reported the USDA’s National Agricultural Statistics Service in its monthly Cold Storage report Friday. Total frozen poultry supplies were down slightly from the previous month and down about 5% from … Read More