Last month's feeder calf placements data points to a changing supply situation for the beef market next quarter. Similarly, feedlots' fed cattle marketings show the industry is remaining current on inventories. Analysis of the fed cattle supply situation offers insight into trading strategies that could be profitable going forward.
Cattle on Feed Down, Hamburger Up Tomorrow USDA releases its monthly Cattle on Feed report. The industry expectation is for the total number of cattle on feed in the U.S. as of 1 November to be 94.6 percent of a year ago. Pre-report estimates run from 93.5-96.0 percent. Placements in October are expected to be around 87 percent of last year. The range of estimates runs from 83-92 percent. Because October 2012...
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...