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Market Shifts - The backlog of fed cattle has been worked through, and as feedlots become more current it has been supporting fed cattle prices to start 2021. Cow slaughter has been relatively light over the past few months, but cow numbers do not appear to be burdensome. The major bottlenecks in the cattle and beef supply chain have been worked through ...
USDA Cattle on Feed - The USDA Cattle on Feed Report was released this afternoon and it shows cattle on feed January 1st just slightly above a year ago. The report may be viewed as slightly negative since placements came in higher than anticipated, but it's not expected to be a major market mover. On feed numbers of 11.97 million was the largest January inventory since January 2008 ...