Cattle feeding looks profitable in the near term, said University of Tennessee Agricultural Economist Andrew Griffith. In his weekly Tennessee Market Highlights, Griffith said prices this month have made a run at 2016 prices, but it may be late summer before the market sees a week where 2017 prices exceed 2016. As of Friday, the … Read More

Managed money, or large commodity funds, continued their run of expanding their net long live cattle positions during the week ended Tuesday while commercial traders worked to grow their net short positions. The Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday said managed money’s new net long live cattle position was 101,395 contracts, … Read More

Plains states and Midwestern cattle feeders are benefitting from lower feed costs as crop production prospects look at least as good as last year, and export markets remain competitive. Weekly corn prices in Omaha, Neb., for the first two weeks of this year are slightly below those of a year earlier and are running well … Read More

November live cattle imports from Mexico rose in November, while those from Canada declined slightly, but both rates were above year-earlier numbers and below the 2010-2014 average. The USDA’s Economic Research Service and Foreign Agricultural Service put November live cattle imports from Mexico at 113,008 head, up 60,866, or 116.7%, in a seasonal spike from … Read More

Last weekend’s ice storm brought significant damage to parts of the Plains, but the weather generally was less severe than expected, and most areas received very beneficial rain totaling one to three inches. That moisture will help alleviate rapidly expanding drought conditions across the state, said Derrell Peel, Oklahoma State University Extension livestock specialist, in … Read More

Managed money, or large commodity funds, expanded their net long live cattle futures positions for the ninth straight week to the largest position in more than a year in the week ended last Tuesday. The Commodity Futures Trading Commission Friday issued its weekly Commitments of Traders report showing the increase on Friday.  The report also … Read More

The USDA Thursday raised its estimate of 2016 total red meat and poultry production from its December estimate. The new estimates came out in the monthly World Agriculture Supply and Demand Estimates report, which said the beef production estimate was The new estimates came out in the monthly World Agriculture Supply and Demand Estimates report, … Read More