USDA released its monthly Cattle on Feed (COF) report on Friday. The report was neutral, with inventory, marketings and placements all coming in right at the industry average pre-report estimates. The 1 January inventory of all cattle and calves on feed in feedlots with 1,000 head or more capacity was 12 million head and December placements were 1.83 million head.
Marketings in November were 1.83 million head. The average daily marketing of cattle was 83,182 head based on 22 weekdays in December, which was one more day than the year prior. Marketings for the month reamined steady at 15.2 percent of the total inventory on feed, compared to 15.1 percent in November.
Placements by weight catgeory were the greatest for cattle...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...