Total Red Meat Production Up Slightly; Beef Production Up 2 Percent
Livestock Slaughter
Total Red Meat Production Up Slightly; Beef Production Up 2 Percent

October beef production, at 2.40 billion pounds, was 2 percent above the previous year.

Wed November 23 2022

Current National Drought Conditions for Week Ending 11/22/22
DROUGHT
Current National Drought Conditions for Week Ending 11/22/22

49.59% of the U.S. and 59.3% of the lower 48 states are in drought

Wed November 23 2022

Durable-goods orders jump 1%, but momentum unlikely to last as U.S. economy slows
Economy
Durable-goods orders jump 1%, but momentum unlikely to last as U.S. economy slows

The rate of growth in business investment, or core orders, has slowed considerably.

Wed November 23 2022

The Beef: Cash Breaks Loose
The Beef
The Beef: Cash Breaks Loose

Texas and Kansas have posted a $155 top and in eastern Nebraska, a major packer has called at $158

Wed November 23 2022

'Beyond Meat’ factory riddled with Mold & Dirty Conditions
FAKE MEAT
'Beyond Meat’ factory riddled with Mold & Dirty Conditions

Photos show spills, unsafe use of equipment, and mold on walls and ingredient containers.

Wed November 23 2022

November Cold Storage Report: Total Red Meat Supplies Up 11% from Last Year
Cold Storage
November Cold Storage Report: Total Red Meat Supplies Up 11% from Last Year

Total pounds of beef in freezers up 8 percent from last year.

Wed November 23 2022

Weekly Feeder & Stocker Cattle Marketings for week ending 11/19/22
Feeder & Stocker Cattle Marketings
Weekly Feeder & Stocker Cattle Marketings for week ending 11/19/22

Last week's Weekly Feeder & Stocker Cattle Marketings were 2.6% below the 3 Year Average.

Mon November 21 2022

Cattle Industry Dynamics Finally Lining Up
Beef Cattle
Cattle Industry Dynamics Finally Lining Up

As 2022 comes to a close, it appears that feedlot inventories have peaked and cattle slaughter should begin to decline in the next few months.

Mon November 21 2022

Weekly Market Overview for Week Ending 11/18/22
Cattle/Beef Prices
Weekly Market Overview for Week Ending 11/18/22

For the week, slaughter cattle were steady. Feeder cattle traded slightly lower and stocker calves slightly higher.

Sat November 19 2022

U.S. Cattle on Feed Down 2 Percent; Placements Down 6 Percent
Cattle on Feed
U.S. Cattle on Feed Down 2 Percent; Placements Down 6 Percent

Placements were the lowest for October since the series began in 1996.

Fri November 18 2022

The Conference Board: Economy may already be in a Recession
Economy
The Conference Board: Economy may already be in a Recession

Index drops 0.8% in October, much more than forecast.

Fri November 18 2022

11/18 - Cattle Market Sentiment: More Bearish than Bullish
Bullish/Bearish Consensus
11/18 - Cattle Market Sentiment: More Bearish than Bullish

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong:

Fri November 18 2022

U.S. Beef Demand depends on Consumers’ Tolerance to Higher Prices
Beef Demand
U.S. Beef Demand depends on Consumers’ Tolerance to Higher Prices

U.S. consumers will likely eat as much beef as they can afford.

Thu November 17 2022

Beef Cow Slaughter & Cull Cow Values
BEEF COWS
Beef Cow Slaughter & Cull Cow Values

Through 44 weeks of the year, beef cow slaughter this year is on pace with the drastic reduction seen in 2011.

Thu November 17 2022

Current National Drought Conditions for Week Ending 11/15/22
DROUGHT
Current National Drought Conditions for Week Ending 11/15/22

49.41% of the U.S. and 59.08% of the lower 48 states are in drought.

Thu November 17 2022

Implications of Increased Cow & Heifer Slaughter in 2022
U.S. Cattle Inventory
Implications of Increased Cow & Heifer Slaughter in 2022

Over 750,000 more cattle were processed in the first 10 months of 2022 than 2021.

Thu November 17 2022

Philadelphia Fed’s Manufacturing Gauge sinks further in November
Economy
Philadelphia Fed’s Manufacturing Gauge sinks further in November

Excluding the pandemic, it is the lowest reading since May 2009.

Thu November 17 2022

Pre-Report Estimates for Friday’s Cattle on Feed Report
Cattle on Feed
Pre-Report Estimates for Friday’s Cattle on Feed Report

Both Cattle on Feed and Placements are estimated to be lower than a year ago.

Wed November 16 2022

Minnesota Court Folds Large Retailers into Packer Antitrust Suit
Beef Processing
Minnesota Court Folds Large Retailers into Packer Antitrust Suit

Suit claims that the packers jointly manage their slaughter volume and their cattle purchasing practices to cause beef prices to rise while pushing cattle prices lower.

Wed November 16 2022

The Beef: Market ‘Green’ Again
The Beef
The Beef: Market ‘Green’ Again

Friday’s USDA COF report will be the first of several bullish reports to come as fed cattle supplies decline.

Tue November 15 2022

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