Last week’s Cattle on Feed report shows there are a lot of cattle in the pipeline while the sector is struggling to figure out where holiday beef demand is headed. To that point, look at the total of wholesale choice cuts loads sold in October - well above the five-year average as retailers seemingly are not as active in covering ahead for holiday demand.
Per capita consumption of beef for Q4 2020 is projected to be 15.1 pounds, down from 14.4 in Q3, but up over 2019 Q4 per capita consumption of 14.8 pounds. Exports for Q4 are projected to be flat and to fall in Q1 2021, and imports of beef and feeders are both up so far. Strong demand for hamburger and processing grade beef has imports up over last year, and beef production is sea...
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...
