World Perspectives
livestock

Cattle on Feed

The 1 June cattle on feed (COF) inventory set a new June record at 11.6 million head. That was down slightly from the previous month, which was the second-highest May inventory since the data started being kept in 1996. The 1 June total also marked the 18th consecutive month that it was larger than the year prior. The placements in May were about the same as May 2017 but did come in higher than the industry’s pre-report expectations. The only categories to decrease were the 700-799 pounds and the 800-899 pounds classes. Beef supplies are large, including imports. Beef in cold storage is 113 percent of last year’s total. This will supply the high demand summer months with the key 4th of July holiday period coming up. Cattle...

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag or soybeans, the latter turned south. Beans and meal had traded higher overnight and at the open, but like all three wheats, closed on loss...

livestock

Cattle of Feed - Sep 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below September 1, 2024.  Placements in feedlots during August totaled 1.78 million head, 10 percent below 2024.  Marketings of fed cattle du...

livestock

Cattle on Feed Report Shows Record Low Marketings

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag or soybeans, the latter turned south. Beans and meal had traded higher overnight and at the open, but like all three wheats, closed on loss...

livestock

Cattle of Feed - Sep 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below September 1, 2024.  Placements in feedlots during August totaled 1.78 million head, 10 percent below 2024.  Marketings of fed cattle du...

livestock

Cattle on Feed Report Shows Record Low Marketings

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

Image
From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up