Cattle on Feed Preview 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 September to be 99.4 percent of last year. That is not a big drop, but it is potentially a big signal of where things could be headed – this is the first year-over-year drop in monthly feedlot inventory in 32 months.
August placements are expected to be 94.5 percent of last year, and the average trade guess for marketings in the month comes in at 106.8 percent of last August. Note that August had one less weekday than July 2018, but one more Saturday (not Sunday) which is worth noting since there has been more Saturday kills since the fire at the Gar...
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...
