USDA’s monthly Cattle on Feed report for January will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 96.8 percent of last year, with the range of estimates between 96 and 97.6 percent of 1 January 2024. Those estimates imply an on-feed inventory of 11.43 million head, which would be the lowest inventory for January since January 2017, when it was 10.6 million head.
Marketings are forecast to be at 101.7 percent of last year, with a range of 100 to 102 percent. That increase is based on holiday slaughter and one more slaughter day in December 2025, with 23 days, compared to December 2024 with 22 days. Despite one more day in December 2025, the ongoing short cattle supply...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
