USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 11.7 million head, at 99 percent of last year. Placements in feedlots during January totaled 1.82 million head, 2 percent above 2024. Net placements were 1.76 million head. Marketings totaled 1.87 million head, 1 percent above 2024.
January marketings as a percent of inventory were 15.4 percent, compared to 14.6 percent in January 2024. On a daily basis marketings were 82,818, last month versus 83,733 in January 2024. January 2025 and January 2024 both had 23 slaughter days.
Marketings of fed cattle from feedlots with a capacity of 1,000 or more head during 2024 represented 87.2 percent of total cattle marketed from all feedlots in the Unit...
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...