USDA's August Cattle-on-Feed report released with BULLISH bias on lower July placements:
-August 1st on-feed lower than expected
-July placements much lower than expected
-July marketings in line with expectations
LRP is not available on Cattle-on-Feed report days.
ProFarmers Crop Tour national average released as follows. This compares to USDA’s current 180.7 bpa yield for corn and 16.013 billion bushels and soybean yield of 52.7 bpa and 4.519 billion bushels.
Call Sidwell Strategies (580) 232-2272 or email [email protected].
A decade in the making from scratch and based in rural communities, the vision of a vertically-coordinated and value-added business model utilizing local supplies is taking shape for growth as Sidwell Enterprises! And we’re just getting started! https://t.co/Kzj0d8sdyS
On-again, off-again during President Trump’s visit to China, it is great to see confirmation that US beef plants have in fact been re-listed for exports! This should be positive for the cattle market early this week.
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