It was a big day for livestock market reports from USDA with the monthly Cattle on Feed report and the quarterly Hogs and Pigs report, both at the closing hours of the day before the Christmas holiday break. Below is a look at cattle on feed, and a summary of the hogs and pigs report – with more analysis on the hog and pork sector coming next week. The cattle report brought more bearish news, the total inventory of cattle on feed in feedlots of 1,000 head or more capacity grew to 12 million head. This was the third month in a row with larger on feed inventories than a year ago during the 2022 drought induced liquidation. Until September, inventories have not been higer than the year prior since August of 2022. ...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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