USDA released its Cattle Inventory report today. The total inventory of all cattle and calves as of 1 January is 89.3 million head; that compares to 92.1 million head, or 97 percent, of the cattle inventory on 1 January 2022. Key numbers from today’s report.
The 1 January number of feeder cattle outside of feedlots is the lowest since 2015 and is only 100,000 head (less than a day’s kill) higher than 2015. Feeder cattle outside feed lots make up 64 percent of all feeder cattle (combined on feed and outside feedlots), which is 1 percent higher than last year but two percent lower than in 2015.
Feeders and packers have worked their way through large cattle supplies as shown by the number of cattle on feed for 150 days...
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...
