USDA released its Cattle Inventory report today. The total inventory of all cattle and calves as of 1 January is 94.4 million head, down a little less than half of percent from the 94.8 million head from 1 January 2019. Top line numbers from the report:
Cows and heifers that have calved were 40.7 million head, 99 percent of last year.
The number of beef cows was 99 percent of last year at 31.3 million head, and somewhat surprisingly with the state of the dairy industry and the trend in culling, dairy cows at 9.33 million were down only slightly from last year.
The calf crop in 2019 was estimated at 36.1 million head, 99 percent of the 2018 crop. Calves born during the first half of 2019 were estimated...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
