USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 May 103.8 percent of 1 May 2020. The range of estimates was between 103 percent and 105.7 percent. The implied inventory of cattle on feed would be 11.6 million head.
Placements from April are expected to be 121 percent of last year. Pre-report estimates came in a range of 117 to 139.7 percent. Since May was really the crux of COVID last year, the estimate compared to 2019 94.4 percent. Marketings in April are expected to be 133 percent of last year; the estimates range from 131 to 136 percent of last year’s levels. Slaughter in April 2021 was also 133 percent of 2020. Curr...
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...
