The cattle on feed (COF) inventory as of 1 October set a record for the month at 11.4 million head, which was also the fifth consecutive new monthly record and the 21st month in a row that the total was larger than the year before.
As noted here prior to the report, September placements were expected to be 96.7-105 percent of last year, but all those guesses turned out to be too high. After four consecutive months of being larger than the previous year, this time they reached only 95 percent.
While there is a record cattle inventory, that growth is apparently starting to slow. The September-November placements are typically the heaviest of the year. Moreover, they were particularly strong last year with the September-December placemen...
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...
