USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry put the total number of cattle on feed as of 1 November at 102 percent of last year. Marketings are forecast at 100 percent of last year, but placements are expected to be at only 91 percent of last year’s total. That placement estimate is the Olympic average of a range from 87 to 96 percent so there is widespread consensus that fewer cattle were placed in October, which was a record for the month.
In sum, with a drop in placements and likely the fifth consecutive month of fewer front-end cattle on feed more than 150 days, tomorrow’s report should have some bullish news. But, fed cattle prices continue to drop wit...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
