U.S. Department of Agriculture
Cotton sales to China again bulk of weekly total.
Rains in the forecast for Midwest, helping to alleviate drought.
Beef and cotton sales improve on last week’s pace.
Beef sales slightly below last week’s level.
Report to show On Feed up from year-ago levels.
30-day outlook calls for below-normal precip across Central & Southern Plains
Still a lot of rain is needed to end the long-lasting drought in the Southern Plains.
Showers also benefit crops in Australia.
While corn prices drop, feeder futures prices move higher potentially offsetting any benefit from lower corn prices.
Drought brought higher placements, but WASDE expects carcass weights to drop.
Livestock producers at the Department of Justice’s competition forum in Fort Collins find lots to disagree about
USDA’s monthly Cattle on Feed report showed some surprises today. Three market experts decipher the numbers and provide advice.
