USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 August at 100.8 percent of August 2021. The range of analysts’ guesses were from 100 to 101.1 percent of a year ago.
Placements during July are expected to be 98.8 percent of last year. The range was from 95 to 101.3 percent straddling both sides of last years’ placement volume. Marketings in July are forecast to be 96.9 percent of last year. The range was 96 to 102.1 percent. Part of the reduction was due to one less slaughter day in July 2022 compared to July 2021. On the year to date, if the pre-report estimate on marketings is correct, this would be a net drop as cumulative...
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...
