USDA released its Cattle Inventory report today. The total inventory of all cattle and calves as of 1 January is 94.4 million head, down a little less than half of percent from the 94.8 million head from 1 January 2019. Top line numbers from the report:
Cows and heifers that have calved were 40.7 million head, 99 percent of last year.
The number of beef cows was 99 percent of last year at 31.3 million head, and somewhat surprisingly with the state of the dairy industry and the trend in culling, dairy cows at 9.33 million were down only slightly from last year.
The calf crop in 2019 was estimated at 36.1 million head, 99 percent of the 2018 crop. Calves born during the first half of 2019 were estimated...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
