USDA’s monthly cattle on feed report for 1 May will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 101.4 percent of last year. Those estimates imply an on-feed inventory of 11.535 million head. This is the first year-over-year increase in inventory since November 2024.
Source: Dow Jones, WPI Based on the pre-report expectations, the cattle on feed for 120 days would be 296,000 head, up 5.6 percent from a year ago, and the cattle on feed for 150 days would be 355,000 head, up 11 percent from last year. Placements in April are projected to be 103 percent of last year, though April 2025 was on the low end at 1.613 million head. Between a low bar to measure placements agains...
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...
