Cattle on Feed inventory 1.31% above last year

Cattle on Feed inventory 1.31% above last year

Placed on Feed Cattle for February Higher by 9.69% YoY

Based on the Friday March 22 USDA Cattle on Feed report, March 1 inventory showed the total on-feed numbers equated to 11,838,000 head, up 1.31% from the respective month in 2023. During February, cattle placed on feed was at 1.890 million head, or 9.69% above last year.

Marketings for February were higher than 2023, up 3.40% to 1.793 million head. Higher head counts on cattle have been indicated for most regions for the current month, though the higher cash cattle price continues to be lofty.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

Latest Tweets