Large commodity index funds, called managed money, sold a large percentage of their collective net long live cattle futures position in the week ended Tuesday, while commercial traders, or cattle owners, covered a portion of their total net short position. The data came from the weekly Commitments of Traders report from the Commodity Futures Trading … Read More

With ever-tightening cattle and beef supplies pushing prices higher, all eyes are on beef demand going forward, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter called Cow-Calf Corner. Beef demand has been remarkably robust through many shocks in recent years and continues to surprise and impress despite the nervousness of … Read More

Fed cattle prices have strengthened in the last few months as lower corn prices have decreased the feeding cost of gain, said Purdue University Agricultural Economist Michael Langemeier, in a university release. Partially in response to those two phenomena, feeder cattle prices and breakeven prices have increased substantially, Langemeier said.  He expected fourth-quarter breakevens to … Read More

The National Cattlemen’s Beef Association issued a statement Friday strongly opposing the US Department of Agriculture’s decision to allow Paraguayan beef imports into the US starting next month. The rub comes because Paraguay has Foot and Mouth Disease among its livestock.  FMD has been called the most contagious disease known.  And while it does not … Read More

Large commodity index firms, known as managed money, increased their collective net long live cattle futures position during the week ended last Tuesday, Nov. 7, as hedgers grew their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Monday.  The report usually is published each Friday … Read More

Canada’s Nov. 1 monthly cattle-on-feed numbers rose seasonally and remained greater than last year and the 2017-2021 average as placements increased. The data came from CanFax, a private market advisory group.  CanFax surveys members in Alberta and Saskatchewan and shares survey results for placements and total on-feed numbers with the Livestock Marketing Information Center in … Read More

The USDA’s latest forecast for 2023 red meat and poultry production was reduced from last month with lower beef, pork, broiler and turkey forecasts.   2023 BEEF PRODUCTION SEEN LOWER   The monthly World Agricultural Supply and Demand Estimates report Thursday said the 2023 beef production estimate was lowered 44,000 pounds, or 0.16%, to 26.932 … Read More