USDA released its monthly Cattle on Feed (COF) report this afternoon. The inventory of all cattle and calves on feed in feedlots with 1,000 head capacity or larger was 11.3 million head, 99 percent of October 2018. Today’s report compares to 11 million head on 1 September; the 1 October herd was up slightly as would be expected seasonally. September placements were 2.09 million head, 102 percent of last year. Cattle marketings in September were 1.74 million head, 101 percent of September 2018. All the numbers were in line with industry expectations.
Total marketings (the number of cattle sent to slaughter) kept current with an increase in Saturday kills making up for the idled Tyson plant in Kansas. September 2019 also had 2...
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...