USDA released its monthly Cattle on Feed report on Friday; the inventory of cattle and calves on feed was 11.4 million, or 99 percent of October 2021.
This is the first month of 2022 where on-feed inventories are lower than year ago levels, though the inventory was still historically strong.
Total inventory included 6.9 million steers and steer calves, which was 98 percent of last year, and 4.55 million heifers and heifer calves, which was 101 percent of last year. Heifers and heifer calves were 40 percent of the total cattle on feed, which is the largest volume for October since 2001. The increase was in the southwest, with Texas (up 140,000) and Arizona (up 5,000, an increase of 100 percent) driving the increase.&n...
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...
