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Feature articles this week:

  • Canadian Cattle Inventories Continue to Decline - Statistics Canada released the July 1st Canadian cattle inventory report, and as generally expected it showed another decline in cattle inventories. Total cattle inventories, including both beef and dairy cattle were 12.3 million head, the lowest level since 1988. Cattle inventories have dropped six percent in the last five years, 14% in the last ten years, and are down 27% from their peak 14 years ago ...
  • USDA Cattle on Feed - USDA released the August 1st cattle on feed report this afternoon and it should be viewed as neutral to slightly bullish as July placements came in below expectations. It should be noted there was one additional marketing day this July versus last year. August 1st cattle on feed inventories totaled 11.1 million head, steady with last year and 8% larger than the five-year average ...

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