USDA released its January Cattle Inventory report today. The U.S. cattle herd is still in a contraction phase.
The total inventory of all cattle and calves as of 1 January was 86.7 million head, down 500,000 head from last year. Key numbers from today’s report are:
The cattle on feed estimate showed 87.2 percent on feedlots of 1,000 head or more capacity, slightly higher than last year. The combined total of calves under 500 pounds, other heifers, plus steers over 500 pounds, representing the number of feeder cattle outside of feedlots, was 24.6 million head, just slightly below 1 January 2024. The 1 January number of feeder cattle outside of feedlots is the lowest since 2015. Feeder cattle outside feed lots make up 63 p...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
