World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview; FDA Label Guidance on Plant-Based Milk

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 February at 96 percent of February 2022. Last February was the record for February feed yard inventory. This would be the fourth consecutive month where on-feed inventories are lower than year ago levels.

Placements were forecast to be 97 percent of last year and marketings at 104 percent of last year. The ranges of estimates were relatively tight with the most variance in the placement category as typical.  

Yesterday, the FDA released a draft guidance on the labeling of plant-based milk alternatives. The guidance did not address meat alternative labeling, however. In 2018, the FDA reques...

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feed-grains soy-oilseeds wheat

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Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

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livestock

Livestock Industry Margins

Beef packer margins deteriorated further last week to -$85/head, down from -$17/head the prior week, as continued strength in fed cattle prices again outpaced weakening boxed beef values. The Choice cutout declined $5.14/cwt to $386.41/cwt, while fed cattle prices rose $3.78/cwt to $388.36/cwt,...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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