The 1 June cattle on feed (COF) inventory set a new June record at 11.6 million head. That was down slightly from the previous month, which was the second-highest May inventory since the data started being kept in 1996. The 1 June total also marked the 18th consecutive month that it was larger than the year prior. The placements in May were about the same as May 2017 but did come in higher than the industry’s pre-report expectations.
The only categories to decrease were the 700-799 pounds and the 800-899 pounds classes.
Beef supplies are large, including imports. Beef in cold storage is 113 percent of last year’s total. This will supply the high demand summer months with the key 4th of July holiday period coming up. Cattle...
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...
