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...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
