The weekly average USDA boxed beef cutout value is moving higher seasonally, although the most recent levels are above last year and the 2012-2016 average. The weekly boxed beef cutout value rose $0.70 per cwt to $217.37, its highest value since mid-June, to close out the week ending Nov. 9. But choice beef is not … Read More

Steer slaughter so far this year is running below year ago levels, despite quarterly feedlot inventories being larger than last year, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel in a market analysis to Extension agents. For the year to date, steer slaughter is about 1% below last year but in the last … Read More

The Chicago corn futures market’s response to the Nov. 9 USDA World Agricultural Supply and Demand Estimates report has been lackluster, said Todd Hubbs, University of Illinois agricultural and consumer economist in an examination of the market for Farm Doc Daily. The report contained significant revisions to Chinese corn supply data and a downward revision … Read More

Managed money, a proxy for large commodity investment firms, cut their collective net long live cattle futures position for the fifth straight week as of Tuesday, according to data from the Commodity Futures Trading Commission. The CFTC’s weekly Commitments of Traders report Friday showed that managed money’s new net long live cattle futures position as … Read More

The USDA Thursday lowered its 2018 total red meat and poultry production forecast from October as lower beef, pork and turkey production estimates more than offset predictions of higher broiler production. The revised production outlooks came in the USDA’s monthly World Agricultural Supply and Demand Estimates report, which came at noon ET.  The report also … Read More

Some things must be handled delicately, and crafting trade policy is one of them, said Moody’s Analytics in a white paper titled Pride and Protectionism:  US Trade Policy and Its Impact on Asia. Many of President Donald Trump’s trade policies are aimed at addressing perceived adverse effects of trade on US manufacturing employment and improving … Read More

US monthly beef and veal exports declined seasonally in September but remained above last year and the 2012-2016 average, while pork exports continued to be affected by retaliatory duties in China and Mexico. Data from the USDA’s Foreign Agricultural Service and compiled by the US Meat Export Federation showed that pork muscle-cut exports were up … Read More