Grain Stocks, Cold Storage and Inventory Reports
Fed cattle numbers are down two percent in February, according to the latest USDA report. Marketings fell 13 percent, signaling continued pressure on beef prices in 2026.
Strong blending demand continues to support ethanol use even as production and exports fluctuate.
Mixed product pricing and rising milk supplies suggest margin management will remain critical as 2026 unfolds.
Meat stocks rose seasonally but remain below last year overall, while tighter butter inventories could support dairy prices, and belly stocks warrant close watch for pork markets.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.