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 August at 101 percent of last year. Placements in July are expected to be 106 percent of last year and marketings are forecast at 99 percent. Post-COVID, feedlot inventories have gone back to normal levels and are following seasonal patterns, though the inventory for August is projected to be larger than August 2019. Typically, August and September are two low months for cattle on feed – with September at the bottom - but with spring packing plant interruptions and ongoing lower operating efficiency September might not be the lowest month this year.
Furthermor...
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...
