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: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
