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 of capacity amounted to 11.6 million head, 99 percent of last year.
The steer and steer calf inventory was down slightly from a year ago at 7.256 million head, and heifers and heifer calves had a 1 percent year-over-year decline to 4.32 million head. Marketings were 1.63 million head, at 93 percent of last year, in line with the pre-report expectations, and the second lowest for March on record since 1996. They were down on fewer placements in previous months and less aggressive demand from packers. As a percentage of total inventory, March marketings at 14.1 percent were below current-year levels, compared...
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...
