June Cattle News Today

WASHINGTON, D.C. – While USDA posted a headline in their June Cattle on Feed report that there is a three percent decline in total on feed numbers in this latest report- the number that jumped off the page to just about everyone was the five percent increase in placements in May 2023 versus a year […]

USDA released their June Cattle on Feed Report last Friday, and it shows the number of cattle and calves on feed for the slaughter market ...

Pork values continue to advance, highest since Oct 2014.

The live cattle market is still probing for a short-term low, while beef continues to advance.  Perhaps the selling pressures in the live cattle market will slow with the strong advance in beef prices and the sharp break in grain prices of the past few sessions.  High grain prices have been encouraging feedlots to sell cattle sooner, and weight data suggest that there is ample supply. The threat of a short-term bulge in beef production has helped trigger a sharp break off the April 8 peak,...