USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 10.9 million head, 98 percent of last year.
Total placements were down 6 percent but were above the average pre-report estimate. Marketings were down 6 percent, in line with pre-report estimates.
Overall, placements by weight were 21.2 percent under 600 pounds, with 36.6 percent under 700 pounds, compared to 32.2 percent last month and 38 percent last year. Placements by weight category were below year ago numbers for all categories except for cattle under 600 pounds, a reverse from July 2024 where all categories were less than 2024 except for cattle weighing more than 1,000 pounds.
As a percentage of to...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
