Large commodity index funds, better known as managed money, cut their collective net long live cattle position in the week ended Tuesday as cattle owners cut their total net short position. The data came from the Commodity Futures Trading Commission in its weekly Commitments of Traders report Friday.   MANAGED MONEY CUTS CATTLE POSITION   … Read More

Weekly US beef production is drifting lower in relation to last year and the 2017-21 average, and with a declining herd size, it looks to remain subdued. Last week, beef production was reported by the USDA at 509.2 million pounds, down 2.4 million, or 0.47%, from 511.6 million a week earlier, down 27.9 million, or … Read More

Total red meat supplies in freezers on June 30 were down about 6% from the previous month and down about 14% from last year, the USDA said in its latest Cold Storage report. Total pounds of beef in freezers were down about 3% from the previous month and down about 20% from last year. Frozen … Read More

Now that the Independence Day holiday with its emphasis on grilling is past, where can traders expect the beef market to go from here, asked David Anderson, Extension economist at Texas A&M University, in a letter to Extension agents through the Livestock Marketing Information Center called In The Cattle Markets. It’s clear that the dog … Read More

Large commodity index funds, known as managed money, reduced their collective net long live cattle position during the week ended last Tuesday, July 18.  Cattle owners, called commercial traders, trimmed their total net short position. The data came from the weekly Commitments of Traders report by the Commodity Futures Trading Commission Friday.   FUNDS LIQUIDATE … Read More

OK.  It’s official. The US cattle herd continues to shrink.  The USDA’s National Agricultural Statistics Service said so Friday. The USDA’s semi-annual Cattle (Inventory) report was released Friday along with the monthly Cattle on Feed report, which stole the limelight from the Cattle report because few, if any, in the cattle industry thought there would … Read More

Canadian cattle on feed numbers continued to decline seasonally in July, falling between last year and the 2017-2021 average, according to data from CanFax, a private market advisory service. Further declines are possible into Sep. 1. CanFax surveys its feedlot members monthly and releases the on-feed and placement numbers for Alberta and Saskatchewan to the … Read More