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: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
