USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.
Placements were the lowest for the month of November since the series began in 1996, dropping 11 percent on the year due to a tight cattle supply. Placements weighing less than 700 pounds were 50.8 percent of the total volume placed on feed, compared to 50.9 percent last year. The continued suspension of cattle trade with Mexico remains a significant factor. Cattle placed on feed in Texas in November were down 30 percent. It would not be surprising if placements in Texas are down 600,000 to 700,000 head versus a year ago, which would account for roughly half of the total declin...
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...
