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: 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...
