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 February at 101 percent of February 2020.
Placements in January are expected to be 100 percent of last year and marketings are forecast at 95 percent. Part of the drop might have been anctipated; January 2021 had two fewer working days compared to 2020, but on the other hand Sauturday kills were up. For the month, federally inspected slaughter of fed cattle was up 3.7 percent – and cow and bull slaughter are up 3.4 percent as well. Nonetheless, with heavy placements from May onward, there are a lot of long-fed cattle available.
Large inventories of cattle on feed for more...
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...
