Cold weather is hitting the upper Midwest and northern Plains which is going to have an impact on cattle weight gain and feed conversion. That’s worth noting given the dramatic counter seasonal average slaughter weights so far this year – a point we’ve commented on previously. Last week the average estimated slaughter weight went up again to 1,403 pounds. Typically, this is the time of year that weights start to trend down until they pick up again in May and June, but with a lot of long-fed cattle to move through, weights have stayed up. These heavy cattle create a little urgency to be moved through the value chain before they lose value, which will help cattle prices when front-supplies are tighter in Q2 when beef demand...
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...
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