Cattle on Feed Preview USDA will release its monthly cattle on feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 December at 102.1 percent of last year. If accurate the number of cattle on feed are back above year ago levels for the 35th time in the last 37 months, and it would be the largest January inventory since 2008.
The average trade guess for marketings in December comes in a 105.3 percent of December 2018. December placements are anticipated to be 103.3 percent of last year, but the industry guestimates have a wide range from the same as last year, up to 106 percent of year ago placements. December 2019 had one more weekday than December 2018. The December pl...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
