USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 10.9 million head, 98 percent of last year.
Total placements were down 6 percent but were above the average pre-report estimate. Marketings were down 6 percent, in line with pre-report estimates.
Overall, placements by weight were 21.2 percent under 600 pounds, with 36.6 percent under 700 pounds, compared to 32.2 percent last month and 38 percent last year. Placements by weight category were below year ago numbers for all categories except for cattle under 600 pounds, a reverse from July 2024 where all categories were less than 2024 except for cattle weighing more than 1,000 pounds.
As a percentage of to...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
