USDA will release its Cattle Inventory report tomorrow. The total inventory of all cattle and calves as of 1 January 2020 was 94.4 million head, down a little less than half of one percent from 94.8 million head on 1 January 2019. The 2021 inventory report is expected to show a similar drop. The Cattle Inventory report is released twice per year; the last was the mid-year report which showed all cattle and calves at 103 million head, just slightly above 2019. Basically, the 1 July herd size has been the same for three years, with 2018, 2019, and 2020 inventories all at 101 percent of 2017.
The report comes a week after the Cattle on Feed Report showed the total inventory on feed holding steady at 12 million head and 38...
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...
