Canada’s cattle on feed Feb. 1 declined seasonally and were between Feb. 1, 2023, and the 2018-2022 average at 1.034 million head, according to data from CanFax, a private market advisory group. CanFax surveys its members in Alberta and Saskatchewan to ascertain the total, among other data points.  It shares the total on feed and … Read More

With the US price of 90% beef trimmings shooting higher, it seems logical to assume that US imports of lean beef trimmings will increase, for this year at least. And, since most of the fresh beef imported is lean trimmings, it might pay to look at a major world beef exporter to see their beef … Read More

Large commodity index funds, better known as managed money, enlarged their collective net long live cattle futures position for the sixth straight time in the week ended Tuesday. At the same time, cattle owners, or commercial traders, extended their total net short cattle position for the sixth straight week. The information came from the weekly … Read More

Wholesale prices for 90% lean beef have shot higher this year on a trajectory that exceeds last year or the 2018-2022 average, yet a solid reason for the rise eludes many analysts. “There is so much noise in the grind market that it’s hard to see exactly what is driving it,” said Nevil Speer, independent … Read More

The latest Cattle on Feed report pegged the Feb. 1 feedlot inventory at 11.8 million head, fractionally above year-ago levels, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist in a letter called Cow-Calf Corner. Feedlot inventories are declining after rising above year-earlier levels last October, Peel said.  January placements were 92.5% of last … Read More

Agricultural real estate values remained strong through the end of 2023 despite a moderation in the farm economy and higher interest rates, said Kansas City Federal Reserve Bank Economists Nate Kauffman and Ty Kreitman in a Bank release. According to a survey, the value of non-irrigated cropland increased by as much as 10% from a … Read More

Total red meat supplies in freezers on Jan. 31 were up about 4% from a month earlier but down about 11% from last year, said the USDA’s monthly Cold Storage report Monday. The report initially was scheduled for release on Friday but was delayed because of technical issues at the USDA. Total frozen poultry supplies … Read More