USDA released its monthly Cattle on Feed report today; the inventory of cattle and calves on feed was 12.1 million, 2 percent above April 2021, and the highest April inventory on record. In four months of 2022, the cattle on feed inventory has set a monthly record three times – February, March and April. January 2022 saw the second largest January inventory on record.
Only marketings came in as expected per the pre-report estimates. The average daily marketings are 86,957 based on 23 days in March. Marketings as a percent of inventory on feed are current at 16.5 percent. As noted yesterday, slaughter has been strong, which is a typical seasonal pattern. However, inventories typically decline as placements slow down whi...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
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 sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
