USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to 11.2 million head, 101 percent of last year.
Placements dropped in August to their lowest total for the month since records began in 1996 and for the second consecutive month. Marketings followed suit, with the lowest total recorded for August as well and for the third consecutive month.
Overall, the report was bullish, but the market had to contend with a couple of rumors yesterday and today that were bearish. First was a rumor that there would be a ban on beef exports in an attempt to bring down prices. Sources within USDA said this was false and that they didn’t know the sourc...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
