USDA released the monthly Cattle on Feed report on Friday. The total inventory in feedlots of 1,000 head or more capacity was 11.8 million head, 99 percent of last year. The smaller inventory was driven by increased marketings and decreased placements. The placement data was bullish, coming in well below pre-report expectations Placements were 1.64 million head, and marketings at 1.74 million head were 101 percent of December 2023. For the year, January through December, cumulative placements were down 1.5 percent and marketings were down 0.2 percent from 2023
As a percentage of total inventory, December marketings were 14.7 percent, compared to 14.3 percent in December 2023. Daily marketings were 79,182 last month versus 82,09...
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...
