USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head.
The big line item to watch again this month will be the March placement data, as it has been the wild card for several months. But based on Dow Jones' survey of analysts, the range of placement estimates is not as wide this month, and most believe that they will land somewhere around 93.5 percent of year-ago levels, or an implied total of 1.72 million head. It is worth noting that 2025 placements were lower in February, at 1.554 million head, the largest decline in February placeme...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
