USDA released its monthly Cattle on Feed (COF) report this afternoon. The inventory of all cattle and calves on feed in feedlots with 1,000 head capacity or larger was 11.3 million head, 99 percent of October 2018. Today’s report compares to 11 million head on 1 September; the 1 October herd was up slightly as would be expected seasonally. September placements were 2.09 million head, 102 percent of last year. Cattle marketings in September were 1.74 million head, 101 percent of September 2018. All the numbers were in line with industry expectations.
Total marketings (the number of cattle sent to slaughter) kept current with an increase in Saturday kills making up for the idled Tyson plant in Kansas. September 2019 also had 2...
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...
