USDA released the monthly Cattle on Feed (COF) report for 1 April on Thursday, which was a day early because of the Good Friday holiday. The mostly neutral-to-slightly bearish report was in line with industry expectations.
The total inventory of cattle on feed in feedlots of 1,000 head or larger capacity was 12 million, the 28th straight month of year-over-year increases and the largest number for 1 April since the series began in 1996. There is evidence of herd liquidation; the 12 million head on feed included 7.45 million steers and steer calves, 99 percent of 2018, and 45.1 million heifers and heifer calves, 108 percent of last year. The pace of marketing is still not current, slowed by the many weather issues in December through la...
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...
