There are important anomalies in the cattle and beef markets this year. Futures have shown amazing strength, buoyed largely by export demand. Now as fed cattle prices enter a period of seasonal decline, there are factors that suggest 2019 and 2020 may continue to differ from recent years. Heifer Slaughter As a share of steer slaughter (federally inspected or FI), heifer slaughter is running well above the five-year average and 2018 values. At the feedlot level, the share of heifers in feeder cattle receipts has also been consistently running above year-ago levels. Should these trends continue, it could signal lower beef heifer retention rates for 2019 and 2020 that would ultimately tighten cattle supplies in 2020 and 2021.
Fed Cattle W...
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...
