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 July at 100 percent of last year. Placements are expected to be 103 percent of last year and marketings are forecast at 101 percent.
As for the semi-annual inventory report, the July release is typically not full of surprises as it follows the January report. The cattle herd as of 1 January was 99 percent of last year, and last year’s July report was 100 percent of the 2018 report. Pre-report estimates from the industry peg the total inventory of cattle as of 1 July at 100 percent of last year. The range of analysts’ forecasts were very tight – a low of 99.6 per...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
