USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 September at 97.6 percent of September 2022.
Placements during August for the 1 September inventory are forecast to be 93.6 percent of last year. The spread in the chart below shows that most of the predictions were grouped at the low end of the range, but there was at least one outlier predicting that placements were at nearly 98 percent of last year. Presumably, this would have been based on continuing drought conditions in certain regions, increasing imported feeder cattle from Mexico (but those were offset by a drop from Canada in August).
Marketings in August are expected to come in at 94...
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...
