Cattle on Feed USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 March at 108 percent of last year with February placements and marketings at 104.5 percent and 101.5 percent, respectively. For reference, February had the same number of business days (20) in both 2017 and 2018. The range of projections for placements is very wide at 0.3-8.8 percent growth from last year. Regional drought conditions are the reason for the more robust estimates. There is a bit more consensus on marketings, which have increased year-over-year every month since August 2016 with the exception of December.
February beef production totaled 1.98 billion...
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...
