Cattle on Feed Preview USDA will release its monthly cattle on feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 December at 102.1 percent of last year. If accurate the number of cattle on feed are back above year ago levels for the 35th time in the last 37 months, and it would be the largest January inventory since 2008.
The average trade guess for marketings in December comes in a 105.3 percent of December 2018. December placements are anticipated to be 103.3 percent of last year, but the industry guestimates have a wide range from the same as last year, up to 106 percent of year ago placements. December 2019 had one more weekday than December 2018. The December pl...
Key Takeaways: Global vegetable oil production continues to expand, but the major oils are being driven by very different supply, demand, and trade dynamics. Palm oil faces heavy near-term supply pressure from rising Malaysian inventories, while Indonesia’s B50 mandate and El Niño...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
What You Need to Know Today: U.S. corn condition ratings took a surprise turn for the worse in Monday’s report, with 54 percent rated good/excellent (down 3 percent). Dry weather in the U.S. Wheat Belt is stalling planting and causing concerns for the 2027 crop, in turn boosting futures...
