USDA’s monthly cattle on feed report was released Friday. The total number of cattle on feed in feedlots with 1,000 head or more capacity was 11.5 million head, unchanged from last month, but 98 percent of last year.
Marketings totaled 1.63 million head, or 87 percent of last year, in line with pre-report expectations. They declined due to fewer placements in previous months, less aggressive packer demand, and periodic winter weather disruptions. Placements were 1.74 million head, 95 percent of last year and below pre-report expectations. Most of the decline in placements came from lighter- and middle-weight cattle, as shown below. Net placements were 1.68 million head, which would imply a cattle-on-feed inventory of more than...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
