The USDA’s World Agriculture Outlook Board Tuesday reduced its total 2017 meat production forecast from a month earlier.  Decreases in commercial beef and broiler production more than offset increases in pork and turkey production. The World Outlook Board made its new predictions in its monthly World Agricultural Supply and Demand report. Second-half 2017 beef production … Read More

The Livestock Marketing Information Center expects cull cow prices this fall to decline compared to recent levels by average percentages. Forecasts are that fed cattle prices into the first few months of next year will strengthen, but remain below 2017, the LMIC’s “Livestock Monitor” said.  Levels of beef imports and national dairy cow slaughter may … Read More

The live cattle futures market saw its 12th straight week of fund liquidation during the week ended Tuesday as commercial traders trimmed their net short position for as many straight weeks. The Commodity Futures Trading Commission said in its weekly Commitments of Traders report Friday that managed money, those large commodity funds, cut their net … Read More

The forecast for total meat production in 2017 was raised from last month as increases in commercial beef and broiler production more than offset declines in pork and turkey output. The USDA’s Agricultural Marketing Service, along with the World Outlook Board, made the prediction in Thursday’s release of its monthly World Agricultural Supply and Demand … Read More

It looks like the end of the summer doldrums in the beef market will not be enough to support a steady wholesale market into the end of the year. Instead, USDA Agricultural Marketing Service data show a continued decline from this year’s extreme weekly average high of $250.86 per cwt on a carcass weight basis.  … Read More

Softer sales and traffic, along with a dampened outlook for sales growth, pressured the National Restaurant Association’s Restaurant Performance Index for the first time in three months, said an NRA release. The index is a monthly composite tracking the health of and outlook for the US restaurant industry.  The health of the restaurant industry is … Read More

Managed money, or large commodity investment funds, trimmed their net long live cattle futures position for the 11th straight week during the week ended Tuesday as commercial traders also cut their net short position. The Commodity Futures Trading Commission said Friday in its weekly Commitments of Traders Report that managed money’s net long live cattle … Read More