The cattle on feed (COF) inventory as of 1 October set a record for the month at 11.4 million head, which was also the fifth consecutive new monthly record and the 21st month in a row that the total was larger than the year before.
As noted here prior to the report, September placements were expected to be 96.7-105 percent of last year, but all those guesses turned out to be too high. After four consecutive months of being larger than the previous year, this time they reached only 95 percent.
While there is a record cattle inventory, that growth is apparently starting to slow. The September-November placements are typically the heaviest of the year. Moreover, they were particularly strong last year with the September-December placemen...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
