USDA released its monthly Cattle on Feed (COF) report Friday, which showed the total number of cattle in feedlots with a capacity of more than 1,000 as of 1 February was 11.6 million head, or 108 percent of last year. This is the fourth consecutive month where cattle on feed inventories have exceeded 11 million head and it is also the largest February inventory in six years.
The January placement level was the largest in 12 years. An interesting point to note, the total inventory of cattle and calves on feed in feedlots with 1,000 head or more capacity represents 82 percent of all cattle on feed. That figure is up from 81.2 percent this time last year.
Based on this most recent report, feedlots look to be full from March t...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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 capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
