The cyber attack on JBS sent a shock through the markets, but JBS was already re-opening plants on Wednesday. Today’s estimated slaughter was back up where it was previously – if not at the level to move sufficient cattle through.
The actual slaughter data for the week ending 22 May were released today; total weekly kill was 672,197 including 537,750-plus head of fed cattle. That is the highest since June 2020. Seasonally, the market typically moves into higher slaughter volumes and lighter weights in the month of June. We’ll see where things shake out next week – the first full week of the month. Slaughter and carcass weights are down from last year, but last year was even more interrupted; weights are still heav...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
