The dynamics between fed cattle marketings and placements are analyzed with their implications for next quarters' beef demand and pricing. Feedlot turnover ratios show that cattle feeders are remaining relatively current on marketings. However, placement data suggests the current supply/demand relationships may be changing substantially.USDA’s monthly Cattle on Feed and quarterly Hogs and Pigs report will be released tomorrow, and both have the potential to move markets.
Cattle on Feed USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates have the inventory of cattle on feed lots as of 1 December at 98.5 percent of last year’s total.Estimates of placements in November are at 105 percent and marketings at 1...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
