U.S. Cattle on Feed, for feedlots over 1,000 head, totaled 11.4 million – which is up 4 percent from September 1, 2019. This is the highest September 1 inventory since the series began in 1996. Placements in feedlots during August totaled 2.06 million head - 9 percent above 2019. Marketings of fed cattle during August totaled 1.89 million head - 3 percent below 2019. Other disappearance totaled 55,000 head during August - 10 percent below 2019.
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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...