– For the second straight week, managed money, increased their cumulative net long live cattle futures position, but hedgers trimmed their total net short position. The data came from Friday’s weekly Commitments of Traders report by the Commodity Futures Trading Commission, which shows a snapshot of the positions of various types of traders as of … Read More
Uncategorized
Ranges, Pastures Better Than Last Year
As a whole, US ranges and pastures are in better shape than they were last year but last week still fell short of the forage-producing capabilities of the previous five years, according to the USDA’s weekly crop condition report. What’s more, the weekly Drought Monitor from the National Weather Service Thursday revealed that western Kansas … Read More
Frozen Red Meat Stocks Mixed, Poultry Up
Total red meat supplies in US freezers on April 30 were up slightly from the previous month but down about 5% from last year, said the USDA’s monthly Cold Storage report Wednesday. Total frozen poultry supplies on April 30, were up about 1% from the previous month and up 9% from a year ago, the … Read More
Beef Industry Implementing Sustainability Practices
Not only is beef delicious and nutritious, but the beef industry continues to implement numerous proven sustainability practices throughout the “pasture-to-plate” process that contribute to the way beef is raised responsibly today, according to a release from the Beef Checkoff. To the beef community, sustainability comprises much more than environmental considerations, the release said. Today, … Read More
Farm Credit Conditions Strong, Despite Rising Rates
Agricultural credit conditions in the Tenth District remained strong, and farm real estate values continued to increase, but growth has softened, said a report from the Federal Reserve Bank of Kansas City, in a release. The Tenth District covers Colorado, Kansas, Nebraska, Oklahoma and Wyoming; 43 counties in western Missouri, and 14 counties in northern … Read More
Funds Buy More Cattle, Corn
After selling live cattle futures a week earlier, managed money, a proxy for large commodity investment funds, turned and bought cattle futures in the week ended Tuesday, the Commodity Futures Trading Commission said in its weekly Commitments of Traders report Friday. At the same time, hedgers, known as commercial traders because they deal in the … Read More
Only 50% Of Farmers Expect To Expand
In a February survey of US farmers, Purdue University found that about 50% of farmers had either no plans to grow (33%) or plans to exit or retire (16%). The results were from a monthly survey of farmer sentiment to watch for changes, and while the survey results were reported earlier, Purdue Agricultural Economists Michael … Read More