World Perspectives
livestock

Livestock Roundup: Cattle on Feed Report a Day Early

USDA’s monthly Cattle on Feed report was released today because the markets will be closed tomorrow for Good Friday. The total inventory of cattle on feed was 11.6 million head on 1 April, down 2 percent from April 2024.  Placements in feedlots during March totaled 1.84 million head, 5 percent above 2024. Net placements were 1.79 million head. Marketings of fed cattle during March totaled 1.73 million head, 1 percent above 2024. 

This came out close to the pre-report guesstimates. Analysts’ pre-report consensus estimates were for the total inventory on feed to be 98 percent of last year with the range of estimates between 97.5 percent and 99 percent of 1 April 2024. Marketings are between 99 percent and 101 percent, w...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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