USDA released its Cattle Inventory report today. The total inventory of all cattle and calves as of 1 January is 89.3 million head; that compares to 92.1 million head, or 97 percent, of the cattle inventory on 1 January 2022. Key numbers from today’s report.
The 1 January number of feeder cattle outside of feedlots is the lowest since 2015 and is only 100,000 head (less than a day’s kill) higher than 2015. Feeder cattle outside feed lots make up 64 percent of all feeder cattle (combined on feed and outside feedlots), which is 1 percent higher than last year but two percent lower than in 2015.
Feeders and packers have worked their way through large cattle supplies as shown by the number of cattle on feed for 150 days...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
