Details of the combined U.S. and Canadian cattle and swine herds were released yesterday. The cattle data is based on the semi-annual inventory as of 1 July; for hogs the U.S. data is based on the quarterly Hogs and Pigs report which is as of the second quarter ending on 1 June and the data for Canada is a semi-annual report as of 1 July. Below is a look at both. All cattle and calves in both countries as of 1 July totaled 111 million head, 98 percent of the inventory on 1 July 2021.
Canada’s herd has declined more sharply in the past year than the U.S. which has been in steady contraction since 2019.
As of 1 July, Canada had an on-feed inventory of 985,992 head in Alberta and Saskatchewan, which comprise about 70...
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...
