The latest Cattle On Feed Report shows that feedlot placement is up 2% from last year. Many expect the rise to continue as cattle imports from Mexico have resumed.
Extension economist with Mississippi State University, Dr. Josh Maples spoke with RFD-TV’s own Suzanne Alexander on some of the highlights, contributing factors, and what to keep an eye on moving forward.
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Recent USDA export sales data show China has been active in the U.S. market, but analysts tell RFD-TV News that the timing is a key clue.
Tight feeder supplies and lower placements indicate continued support for the cattle market, with regional impacts heightened in Texas by reduced feeder imports.
Cattle markets are watching the Cattle-on-Feed Report for signs of tighter supplies, while USMEF warns limited China access is cutting producer profits.
Lower milk prices may pressure margins, but strong cattle values could soften near-term financial impacts.
The Pet and Livestock Protection Act now moves to the Senate for consideration.
Analysts say that while low-income households are facing financial pressures, other middle- and higher-income consumers are helping fill the gap for retail beef demand.
