After 13 weeks of increases, large commodity index funds, known as managed money, reduced their collective net long position in live cattle futures as hedgers cut their total net short position after four straight weeks of increases. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report, which was delayed by … Read More
Uncategorized
Cattle Prices Ending 2024 Near Record Highs
Fed cattle prices are ending 2024 at near-record highs, sealing a three-year rally, according to USDA data. Just a few more fed cattle are expected to trade before the year ends at midnight, and the five-Market average fed price for 50 weeks through mid-December was $186.66 per cwt, up 6% from a year earlier and … Read More
January Cattle Report May Show More Liquidation
Writing for the Livestock Marketing Information Center’s In The Cattle Markets, Glynn Tonsor, Extension agricultural economist at Kansas State University, said he expected the January Cattle (Inventory) report to show additional liquidation has occurred leading to a smaller calf crop in 2025. “It seems most likely that the summer of 2026 is the soonest substantial … Read More
Strong November Feeder Cattle Auctions Boost Volumes
Strong feeder cattle prices in November encouraged more producer selling, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter called Cow-Calf Corner. Oklahoma’s combined feeder auction prices spiked to record levels the week after Thanksgiving, especially for the lightweight calves and stockers, Peel said. The price for 500-pound, Med/Large, No. 1 … Read More
Swine Herd Up From Last Year
The USDA’s Quarterly Hogs and Pigs report Friday showed the US inventory of all hogs and pigs on Dec. 1 to be up from a year ago but slightly lower than the previous report as of Sep. 1. The breeding inventory also was mixed with the number up slightly from last year but down a … Read More
USDA Says Frozen Red Meat Supplies Down
The USDA’s monthly Cold Storage report Monday said total red meat supplies in US freezers on Nov. 30 were down about 3% from the previous month and down about 5% from last year. Total frozen poultry supplies were down about 9% from the previous month and down about 7% from a year ago. BEEF … Read More
Managed Money Keeps Buying Live Cattle
Large commodity index funds, known as managed money, again increased their collective net long live cattle futures position in the week ended Tuesday as hedgers boosted their total net short position. The information was made available by the Commodity Futures Trading Commission in its weekly Commitments of Traders report Friday, which reports activity as of … Read More