Large commodity index funds, known as managed money, barely increased their collective net long live cattle futures position in the week ended Tuesday, while hedgers trimmed their total net short position more aggressively. The data came from the weekly Commitments of Traders report Friday from the Commodity Futures Trading Commission. FUNDS’ POSITION BARELY HIGHER … Read More
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China Increases Feedgrain Production
The USDA’s Foreign Agriculture Service in Beijing, China, Thursday reported that in marketing year 2024/25, the country’s estimated total grain output will reach a record 706.5 million tonnes, a 1.6% increase over MY-2023/24, driven by expanded acreage and higher yields. CORN PRODUCTION FORECAST UP 2% Corn production was forecast to rise 2% to … Read More
Seasonal US Beef Production Decline Begins Next Week
A seasonal decline in US weekly beef production begins next week, but the decline is so uneven many may miss it until it drops off for the Memorial Day holiday week. BEEF PRODUCTION SIMILAR TO PREVIOUS YEARS A Livestock Marketing Information Center graph of weekly federally inspected beef production data from the USDA’s … Read More
Cattle Inventories Seen Tighter In Jan. 31 Report
Tighter beef cattle inventories are expected in the Jan. 31 USDA Cattle Inventory report, said Rob Ziegler, Extension specialist, at the University of Wyoming, in a Livestock Marketing Information Center letter called In The Cattle Markets. Total headcount likely will affect total beef production in years ahead, but the amount of beef produced per cow … Read More
Managed Money’s Net Long Cattle Position Largest In Years
Large commodity index funds, known as managed money, had their largest collective net long position in at least three years Tuesday as hedgers also advanced their total net short position. The data came from the weekly Commitments of Traders report Friday from the Commodity Futures Trading Commission with data as of the previous Tuesday. … Read More
Mexican Cattle Ban Makes USDA Outlook Stutter
While a ban on cattle from Mexico because of the discovery of New World Screwworm in Mexico’s state of Chiappas is set to be lifted partially next week, a full resumption of trade remains pending. But the ban created a dent in available US feeder cattle supplies that still has to be worked out. The … Read More