USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.
Placements were the lowest for the month of November since the series began in 1996, dropping 11 percent on the year due to a tight cattle supply. Placements weighing less than 700 pounds were 50.8 percent of the total volume placed on feed, compared to 50.9 percent last year. The continued suspension of cattle trade with Mexico remains a significant factor. Cattle placed on feed in Texas in November were down 30 percent. It would not be surprising if placements in Texas are down 600,000 to 700,000 head versus a year ago, which would account for roughly half of the total declin...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
