Drought-forced beef cow herd liquidation has made the industry smaller than it needs, or planned, to be, said Oklahoma State University Livestock Marketing Specialist, Derrell Peel, said in a letter to Extension agents called Cow-Calf Corner. There will be strong market incentives to rebuild herds when it is possible to do so, he added. Recent … Read More

For the last five weeks, cutter cow (90% lean) prices have been more than $90 per cwt on a live basis, said the Livestock Marketing Information Center in a market analysis called Livestock Monitor. This year started with a weekly price for cutter cows of $67.60 per cwt.  It then climbed steadily into midyear, the … Read More

As of June 1, Canada’s population of cattle in feedlots was slightly less than the 2017-2021 average and on course to follow the seasonal trend downward. The data came from CanFax, a private market advisory firm located in Calgary, Alberta.  The data is from member feedlots in Alberta and Saskatchewan.  Most of the gathered information … Read More

Large commodity index firms, better known as managed money, padded their collective net long live cattle position during the week ended last Tuesday, June 13, as cattle owners increased their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments Of Traders report on Friday.   FUNDS GET LONGER CATTLE … Read More

Per capita red meat and poultry disappearance—often used as a proxy for consumption—is forecast to fall 1% in 2024, mainly the result of an 8% decline in per capita beef disappearance, said the USDA’s Economic Research Service in its June Livestock, Dairy, and Poultry Outlook.   PRODUCTION DOWN   The main component of the disappearance … Read More

The USDA’s total US red meat and poultry production forecast for 2023 was reduced from last month as higher beef production estimates are more than offset by lower pork and poultry production, the USDA said in its June World Agricultural Supply and Demand Estimates report.   BEEF PRODUCTION ESTIMATE RAISED   The 2023 beef production … Read More

The USDA’s estimates of corn ending stocks for the 2022/23 and 2023/24 marketing years were raised this month, because of lower estimated corn exports for 2022/23, the USDA’s June Feed Outlook said. The reduction in exports was offset partially by a reduction in corn imports during the current marketing year.  Projections of production and use … Read More