Cattle on Feed Tomorrow USDA will release its monthly Cattle on Feed report. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 July to be 104.3 percent of last year, which would be the 18th consecutive month that it was larger than the year prior. June placements are expected at 101.3 percent of last year and marketings at 100.8 percent of June 2017 totals.
With 2018 half over, beef utilization is forecast to be 102.1 percent of 2017 with exports, especially to Asia, the driving force. Beef exports in May 2018 totaled 273 million pounds or 120.7 percent of year-ago levels. Shipments to all major destinations rose except for a 1.8 percent decline to Hong Kong. However, other destinations in Asia are dr...
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...