U.S. Cattle on Feed up 2% from year ago in feedlots with capacity of 1,000 or more head. The total of 12.0 million head on March 1, 2021 is the second highest March 1 inventory since the series began in 1996. Placements in feedlots during February totaled 1.68 million head, 2 percent below 2020. Marketings of fed cattle during February totaled 1.73 million head, 2 percent below 2020. Other disappearance totaled 58,000 head during February, unchanged from 2020. ...
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...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.