USDA released its Cattle on Feed report today, which was mostly in-line with expectations. The inventory of cattle in feedlots with a capacity of 1,000 head or more was 11.7 million head, just slightly larger than in June 2020. That total is the sixth consecutive month with the on-feed inventory coming in as the second highest ever.
Average daily marketings were 89,048 in May, compared to 88,901 in April; May has 21 workdays (compared to May 2020) and April had 22 wor days. Marketings as a percent of cattle on feed inventory in May were 16 percent, slightly lesss current than April at 16.5 percent. The big bump in marketings reflects the COVID-restricting processing space. Placements were the most friendly number to prices,...
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...
