Source: USDA
Beef/Cattle: Based on preliminary December slaughter data, expected fourth-quarter 2024 production has been lowered from last month, bringing the annual total to 26.985 billion pounds. The beef production forecast in 2025 has been raised to 25.790 billion pounds...
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The Canadian economy faced challenges in November, with unemployment rising to 6.8%, surpassing expectations, and GDP growth slowing to 1% in Q3 2024. The Bank of Canada responded with its fifth consecutive interest rate reduction, lowering the key rate...
Source: Purdue Center for Commercial Agriculture, James Mintert and Michael Langemeier
Farmer sentiment drifted lower in December as the Purdue University-CME Group Ag Economy Barometer fell 9 points to 136. Although the barometer weakened somewhat in December compared to November, producers still...
Cattle futures were flat to higher over the last half of December, with feeder cattle futures rising to new life-of- contract highs while the corn market also firmed on commodity fund short covering and technical strength. USDA’s December Cattle...
On Friday, December 20th USDA NASS released the latest Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z?locale=en). December 1st inventory was estimated at 11.98 million, on par with 2023. Placements in November were estimated at 1.80 million, down 4% from 2023 while marketings...
Source: USDA
See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Beef/Cattle: Forecasts this month reflect the recent discovery of New World Screwworm in cattle in Mexico and the subsequent U.S. import ban on cattle from or transiting Mexico. The...
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Source: Oklahoma State University
THE MARKETS
Packers have now purchased all the available cattle in the south at steady prices with last week of $191 live. Attention will turn to the north where very few cattle have traded and asking prices...
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