USDA released its monthly Cattle on Feed (COF) report Friday. The 1 November inventory of all cattle and calves on feed in feedlots with 1,000 head or more capacity was 11.8 million head, 101 percent of November 2018, right in-line with pre-report expectations. October placements were 2.48 million head, which was 110 percent of last year and slightly below the industry guess. October is typically the month with the highest placements of cattle on feed. Marketings in October were 1.88 million head, 99 percent of last October and in line with the pre-report estimates.
The average daily marketing of cattle was 81,522 based on 23 business days in October, which was the same as October 2018. Marketings for the month were 15.8 perc...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
