Cattle on Feed Preview 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 October at 98.9 percent of last year. This would be the second month in a row where inventory was below the same month in the previous year after 32 consecutive months of year-to-date increases.
The average trade guess for marketings in the month comes in at 101.1 percent of last September. As was the case last month, the range of pre-report trade estimates was pretty tight for inventory (between 97.7 and 99.8 percent) and marketing (between 98.2 and 101.5 percent), but predictions on placements were a wildcard again. The average was 101.5 percent of last year, but the...
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...
