August 1 Cattle on Feed Report Comments

The latest cattle on feed report released by USDA on Friday showed a feedlot inventory of 10.6 million head. This is a 4.3 percent increase over August 1, 2016, and is the largest inventory for August since 2012. In total, … Continue reading

Hay Production Down from 2016 Levels

Hay production in the Southeast is estimated to be down by slightly less than one million tons as compared to 2016 levels according to USDA-NASS (National Agricultural Statistics Service) based on crop conditions as of August 1. This is approximately¬†a … Continue reading

Cattle Futures Decline Sharply

Cattle futures markets were down significantly last week including a 4.5-cent limit decrease last Wednesday for the August feeder cattle contract. Live cattle trading at the time of this writing has the nearby contract at just under $109 and the … Continue reading

U.S. Beef Exports Continued Upward in June

The latest monthly meat trade data were released this morning and showed further increases in the amount of beef exported in June. U.S. beef and veal exports totaled 238 million pounds during the month of June. This was about a … Continue reading