The release tomorrow of USDA’s Cattle on Feed report gets the monthly series back on schedule after the government shutdown. It will show the total number of cattle on feed as of 1 March (the 1 February report was released two weeks late on 8 March). Pre-report forecasts peg the total inventory in feedlots of 1,000 head capacity down slightly to 99.7 percent from last year. While the drop is small, it is the first decrease from year-ago levels since December 2016.
February placements are expected to be 96.2 percent of last year. Meanwhile, marketings are anticipated to be more current, coming in at 100.8 percent of a year ago. The tough weather conditions on the Plains have had an impact on placements and are continuing to do so...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
