USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to 11.2 million head, 101 percent of last year.
Placements dropped in August to their lowest total for the month since records began in 1996 and for the second consecutive month. Marketings followed suit, with the lowest total recorded for August as well and for the third consecutive month.
Overall, the report was bullish, but the market had to contend with a couple of rumors yesterday and today that were bearish. First was a rumor that there would be a ban on beef exports in an attempt to bring down prices. Sources within USDA said this was false and that they didn’t know the sourc...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
