WASDE and More on Cattle USDA released this morning the February WASDE. The livestock highlights are:
Lower expected broiler weights, with hatchery data continuing to point toward fewer birds for slaughter during most of 2012. Beef production is raised from last month. Despite expected tight feed cattle supplies, cow slaughter is expected to remain relatively strong during the first quarter and carcass weights are forecast higher. Pork production is raised as first quarter slaughter and first-half carcass weights are expected to be higher than forecast last month. Cattle prices for 2012 are up from last month, reflecting tight supplies of feed cattle. The hog price forecast is unchang...
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...
