For the second straight week, managed money, a proxy for large commodity index funds, increased their collective net long live cattle futures position as hedgers reduced their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday, which chronicle’s trader groups’ holdings as of Tuesday.   … Read More

The USDA’s outlook for 2025 beef production was 25.120 billion pounds, down 6% from 2024, the Department said in its monthly Livestock, Dairy, and Poultry Outlook: May 2024, Thursday. Next year will mark the third straight year of lower production following the record large volume in 2022 and will be the lowest since 2015, when … Read More

Farm income and credit conditions in the Tenth Federal Reserve district tightened in the first quarter of 2024, said Kansas City Federal Reserve Bank Economists Nate Kauffman and Ty Kreitman, in a Bank release. According to the latest Survey of Agricultural Credit Conditions, farm incomes retracted at a sharp pace, farm loan repayment rates declined … Read More

US hay inventories on May 1 were up 6.677 million short tons, up 47% from a year ago, based on the USDA’s Crop Production report on Friday. The report said stocks totaled 21.010 million tons, compared with 14.333 million on May 1,2023.  This follows three straight years of May 1 inventory declines, said Hay and … Read More

5-14-24 – Large commodity index funds, known as managed money, increased their collective net long live cattle futures position in the week ended Tuesday as hedgers trimmed their total net short position. The Commodity Futures Trading Commission published the data Friday for positions at the close of business the previous Tuesday in its weekly Commitments … Read More

Total US red meat and poultry production for 2025 was forecast by the USDA in its monthly World Agricultural Supply and Demand Estimates report Friday to be lower than 2024. Red meat and poultry production forecasts for 2024 were reduced from last month, with lower broiler, turkey and pork forecasts offset slightly by higher beef … Read More

Amid confusion about why US domestic beef demand remains solid amid inflationary pressures on household budgets, Kansas City Federal Reserve Economists Johannes Matschke and Alice von Ende-Becker may have some insights. In a recent Federal Reserve Economic Bulletin, Matschke and von Ende-Becker said, compared with most historical inflationary episodes since the 1960s, the current US … Read More