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: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
