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...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
