Large commodity index funds, known as managed money, reduced their collective net long live cattle futures position during the week ended Tuesday as hedgers trimmed their total short position. So reported the Commodity Futures Trading Commission in its weekly Commitments of Traders report Friday.   FUNDS SELL CATTLE   Tuesday, managed money had a collective … Read More

Even though dairy cow slaughter popped during the last two weeks of data, dairy cow culling continues well below last year, boosting cull cow prices, said David Anderson, livestock and food product marketing specialist at Texas A&M University. Writing in the Livestock Marketing Information Center’s In The Cattle Markets, Anderson also said, reduced dairy cow … Read More

According to the USDA’s July Livestock Slaughter report, cattle slaughter totaled 2.4 million head in June, said Hannah Baker, Florida state specialized Extension agent at the University of Florida, in a Livestock Marketing Information Center letter called In The Cattle Markets.     That was a 12% year-over-year decrease and a 7% decline since a month … Read More

Agricultural credit conditions in the Tenth Federal Reserve District tightened further in the second quarter, according to a report from the Federal Reserve Bank of Kansas City Tuesday. The authors, Federal Reserve Economists Cortney Cowley and Ty Kreitman, said, alongside lower crop prices and continued elevated production expenses, farm income declined at a slightly faster … Read More

The USDA’s monthly World Agricultural Supply and Demand Estimates report Monday reduced its forecast for 2024 red meat and poultry production from last month.   2024 BEEF PRODUCTION ESTIMATE RAISED   The 2024 beef production estimate was raised 81,000 pounds, or 0.30%, to 26.736 million pounds from 26.655 million in July on higher steer and … Read More

Large commodity index funds, or managed money, decreased their collective net long live cattle futures positions in the week ended Tuesday. In its weekly Commitments of Traders report Friday, the Commodity Futures Trading Commission also said hedgers covered part of their total net short positions during its reporting week.   MANAGED MONEY SELLS CATTLE POSITIONS … Read More

Broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose eight points to 113. The Index of Current Conditions increased by 10 points to 100 and the Index of Future Expectations at 119 was seven points higher than a month earlier. James Mintert, at the Purdue Center … Read More