Total red meat supplies in US freezers as of Jan. 31 were up 9% from a month earlier and up 1% from last year, the USDA said in its monthly cold storage report. A market analyst said the report could weigh on lean hog futures as volumes of readily available pork and chicken climb above … Read More
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Markets Incentivize Meat Production, Use
Favorable returns and robust demand provide incentives for continued meat growth over the next 10 years, said the USDA’s Interagency Agricultural Projections Committee. Nominal beef cattle prices drop over much of the period before increasing at the end, while nominal broiler and hog prices generally increase, after an initial decline, as the population and export … Read More
Funds Still Buying Cattle
Large commodity investment firms, called managed money, continued to invest in live cattle futures during the week ended last Tuesday while producers trimmed their net short position. The Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday showed that as of Tuesday, managed money had increased their collective net long live cattle futures position … Read More
Drought Covers Much of US Grazing Land
A large portion of the US cattle inventory is in an area experiencing drought, which is likely affecting the timing of placements of feeder cattle in feedlots, said the USDA’s Liv A large portion of the US cattle inventory is in an area experiencing drought, which is likely affecting the timing of placements of feeder … Read More
Beef Demand Study Instructive
A study by university economists about beef demand presented to the Cattlemen’s Beef Board is instructive for assessing overall beef demand and changes to demand over time. Economists Glynn Tonsor and Ted Schroeder, both of Kansas State University along with Jayson Lusk at Purdue University outlined the project’s objective to provide a muti-faceted assessment of … Read More
Monetary Policy Forms Inflation Expectations
Changes in US monetary policy over the last decade have potential implications for investors and their inflation expectations, said Taeyoung Doh, senior economist, and Amy Oksol, both of the Kansas City Federal Reserve, in a study released Tuesday. During the financial crisis and Great Recession of 2007–09, the Federal Reserve’s conventional policy tool, the nominal … Read More
Rising World Pork Production Could Weigh On Meat Prices
Rising pork production around the world, particularly in China and the US, could cut into US hog prices as supply outweighs demand. The extra meat on world markets then could cut into beef and cattle prices and could even back up chicken markets. China is building its hog production capacity with very large farrow-to-finish operations … Read More