USDA released its monthly Cattle on Feed (COF) report last Friday. The total number of cattle in feedlots with a 1,000 plus capacity as of 1 April was 11.7 million head or 107 percent of last year. It was also the same total as on 1 March 2018 when the inventory showed 9 percent growth. Following are a few notable metrics:
This was the sixth month in a row that the inventory has grown 5 percent or more. This was 16th consecutive month that the inventory has been larger than the year prior. This was the second-largest 1 April inventory on record.
Of the 12 states where inventory numbers are reported, only Idaho saw a decrease at 96 percent of 2017. Signs that this might be the crest of the bow wave include the reduction in 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...
