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U.S. beef exports saw a modest increase in March 2025, signaling strong international demand despite market challenges, especially with China. According to USDA data compiled by the U.S. Meat Export Federation (USMEF), beef exports totaled 109,330 metric tons (mt)...
Sale Dates: April 25 – May 1, 2025
The latest cattle market results from Ontario auctions show solid pricing across fed and stocker beef categories, with particularly strong demand for lighter-weight calves and well-finished steers and heifers. Below is a...
Currency and Interest Rates
CAN/US Exchange Rate: 72.09¢ CAD — slightly down from last week (72.17¢) and lower than this time last year (73.05¢).
Bank Rate: 3.00% — unchanged from last week, but much lower than April 2024 (5.25%).
Cattle...
USDA released the April Cattle on Feed report on Thursday April 17th. The Thursday release was due to the 18th being Good Friday. Monthly Cattle on Feed reports estimate inventories for feedlots with capacity over 1,000 head, which represents...
Summary:According to the USDA's Livestock, Dairy, and Poultry Outlook: April 2025, the beef production forecast for 2025 is slightly raised to 26.7 billion pounds, up 15 million pounds from last month’s estimate. The upward revision is primarily due to...
Economic OverviewThe Canadian economy started 2025 on stable ground with a steady unemployment rate (6.6%) and inflation within the Bank of Canada’s 1–3% target range (1.9% in January). However, consumer confidence is weakening due to tariff-related uncertainty and inflationary...
🐂 Fed Cattle: Volume Down, Prices Mixed
Auction volume dropped sharply with only 94 fed steers and heifers sold — down 798 head from last week and 412 fewer than the same week last year.
Fed steers averaged $250.79/cwt,...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
Written by: Michael Langemeier and James Mintert, Purdue Center for Commercial Agriculture
Weaker expectations for the future led to a decline in farmer sentiment in March as the Purdue University-CME Group Ag Economy Barometer index fell 12 points to a reading of...
