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 February at 102.4 percent of last year. If accurate, at about 11.85 million head, that would be the largest February inventory in more than a decade.
The average trade guess for marketings in January comes in at 101 percent of January 2019. January placements are anticipated to be 101.9 percent of the year before. The private analyst’s perspective fits with what USDA’s forecasts have been in the recent WASDE – increased marketings (with heavier carcass weights) pushing up beef production. The Cattle Inventory report showed a smaller...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
