Cattle on Feed Report is MIA USDA’s Cattle on Feed (COF) report is normally released on the third Friday of each month. The inventory data is for the month it is issued, and the placements and marketing numbers are for the previous month. The January COF report, however, will be missing tomorrow due to the partial government shutdown. Also likely not to be published (at least on time) is the January version of the biannual Cattle Inventory report, which breaks down the estimated total in detail by beef cows, milk cows, bulls, replacement heifers, steers, heifers, and calf crop. The data in those reports provide important benchmarks for the year and impact how markets trade. Add the timing of this shutoff of information, which is aft...
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...
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