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 101.9 percent of last year. If accurate, the number of cattle on feed are back above year ago levels for the 34th time in the last 36 months, and it would be the largest December inventory since 2011.
The average trade guess for marketings in November comes in at 97.2 percent of last year. November placements are anticipated to be 101 percent of November 2018. (November 2019 had one less weekday than November 2018). Cold Storage Preview Monday, USDA will release its end of November accounting for red meat and poultry in cold storage. Inventori...
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...
