USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year.
September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements setting a record low for the respective month. Marketings followed suit with the lowest September total on record and extending that streak for a fourth consecutive month.
Like previous months, most of the on-feed inventory came not from more cattle being placed in feedlots but from slower marketings and feeding cattle to heavier weights. It takes longer to move the cattle through the system with cattle being fed to heavier weights. The estimated number...
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...
