USDA’s Cattle on Feed (COF) report for 1 February was released today after being delayed by the government shutdown (the 1 March report will be issued as regularly scheduled on 22 March).
Other disappearance in January totaled 61,000 head, and net placements were 1.9 million head. The pace of marketing became more current in January. Marketings as a percentage of on-feed inventory in January were 16.8 percent, up from 14.9 percent in December, and average daily marketings were 93,333 head based on 21 slaughter days in January (excluding Saturdays). The number of cattle on feed for more than 120 days was caclulated to be 4.93 million head for all cattle in feedlots and 4 million head for cattle on feedlots of 1,000 head or more ca...
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...