Managed money, a proxy for large commodity funds, increased their net long live cattle futures position only slightly during the week ended Tuesday, rising only 206,000 contracts, or 0.82%, to 25,311 from 25,105. The news was part of the Commodity Futures Trading Commission’s weekly Commitments Of Traders report Friday. The CFTC also said that commercial … Read More
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On-Feed Report May Weigh On Cattle Prices
Today’s USDA Cattle-On-Feed report is expected to show an increase in the number of cattle placed into US feedlots in March, a move that will add weight to market prices over the coming weeks and months. Pre-report estimates indicated expectations for placements to be up 6% to 7% on average with the range of estimates … Read More
Prepare For Drought, Beef Specialist Says
The potential for a dry summer in the Plains has many cow/calf producers examining their herds, looking for a possible cull candidate or two. Key to dealing with weather issues is good planning, and that means getting ready for modified stocking rates and good cattle sorting, writes Kris Ringwall, beef specialist at North Dakota State … Read More
Cattle Feeding Margins Improve; Still Red
Cattle feeding margins improved substantially with the cattle sold for slaughter last week, but they remain negative by nearly $50 a head. The calculations were made by John Nalivka, president of Sterling Marketing of Vale, Ore., and author of the Sterling Profit Tracker, which is published by AgWeb. Calculations showed that the average loss for … Read More
Annual Fed Cattle Top Already In?
If cash cattle and beef markets are like last year, the annual fed cattle top may already be in. Rising fed cattle numbers and continued pushback by beef consumers may make cash cattle prices behave more like last year and less like the 2010-2014 average. If so, the picture isn’t pretty. Live cattle futures prices … Read More
Funds Trim Live Cattle Positions
Managed money, a proxy for large investors, trimmed its net long live cattle positions while commercial traders continued to ease their net short positions. The Commodity Futures Trading Commission said Friday that for the week ended Tuesday, managed money had reduced its net long position in live cattle futures to 25,105 contracts from 26,623 the … Read More
Beef Ribeye Prices In Counter-Seasonal Decline
Wholesale prices for beef ribeyes are in the throes of a counter-seasonal decline and may be a good part of the reason beef packers aren’t bidding more for live cattle. It also may have something to do with cattle investors’ reluctance to bid cattle higher. A Livestock Marketing Information Center graph of USDA Agricultural Marketing … Read More