USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.5 million head, just slightly below last year.
Marketings were 1.52 million head, at 93 percent of last year, in line with the pre-report expectations, and the second lowest on record since 1996. Marketings were down on fewer placements in previous months and less aggressive demand from packers. As a percentage of total inventory, February marketings were well below current-year levels, at 13.1 percent in 2026 compared to 14.1 percent in 2025. There were 20 slaughter days in February 2026 and 2025. Total daily marketings were 76,100 in February 2026 versus 81,650 in February 202...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
