Cattle on Feed Tomorrow (after the markets close) USDA will release its monthly Cattle on Feed report. The industry’s pre-report estimates peg the total number of cattle on feed as of 1 August to be 104.4 percent of last year. That’s in line with last month’s 104 percent, and it would be the 19th consecutive month that the feed inventory was larger than the year prior. June placements are expected at 105.5 percent of last year, which would be a big jump in the trend compared with last month’s 101 percent, but marketings are expected to have kept current at 104.9 percent of July 2017 totals.
Regional drought could continue to add some marginal supply to the U.S. feedlot inventory. In the U.S., it is plaguing the...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
