Author: Jack Finfer

Cattle on Feed Cattle on Feed 🐄 USDA Cattle on Feed June On Feed: 102.1% On Feed Million Head: 11.682 million May On Feed: 101.8% On Feed Million Head: 11.584 Placements: 90.3% Marketings: 88.2% Analysis May marketings came in at 1.55M head, down 12% from a year ago and the…

EIA Natural Gas Storage Natural Gas Storage 2,759 Bcf ↑ +73 Bcf on the week↓ −29 vs last year (−1.0%)↑ +151 vs 5yr average (+5.8%) Analysis Storage added 73 Bcf to reach 2,759 Bcf for the week ending June 12, a notable step down from last week’s 108 Bcf build…

USDA Export Sales USDA Export Sales 🌽 Corn: 1,157,057 MT  99.4% of USDA Est | Inside est range 🌱 Soybeans: 424,869 MT  98.7% of USDA Est | Inside est range 🌾 Wheat: 400,844 MT  | 23.7% of USDA Est | Inside est range Analysis 🌽 Corn: 1,157,057 MT Corn export sales…

USDA Dairy Product Sales USDA Dairy Products Sales 🧈 Butter: $1.66/lb (↑5.8¢)🧀 Cheddar: $1.58/lb (↓3.5¢)🥛 NDM: $1.97/lb (↑0.3¢)💧 Dry Whey: 64.4¢/lb (↑0.4¢) Analysis Butter was the standout this week, surging 5.8¢ to $1.6637/lb and reclaiming the $1.65 level after bottoming near $1.58 in late May. That puts cash butter back…

EIA Energy Stocks EIA Energy Stocks Refinery Rate: 96.7%  🛢 Crude Oil: 418.2M ▼ 8.3M wk | -2.7M yr ⛽ Gasoline: 214.2M ▼ 0.9M wk | -15.8M yr 🔥 Distillate: 103.1M ▲ 1.0M wk | -6.3M yr 🏭 ULSD: 93.5M ▲ 1.3M wk | -6.4M yr Analysis Fifth consecutive crude…

Crop Progress Crop Progress 🌽 Corn 68% rated G/E, slightly below last year’s 72%.  Iowa leading at 79% G/E with favorable early season conditions. 🌱 Soybeans 66% rated G/E, matching last year.  Iowa 77%, Minnesota 80%. 🌾 Winter Wheat Only 27% rated G/E vs 52% last year.  Nebraska at just…

USDA Export Inspections USDA Export Inspections Soybeans🫘: 19.204 mbu corn🌽: 64.431 mbu wheat🌾: 12.283 mbu Corn inspections pulled back to 1.637M MT after last week’s corrected figure topped 2M MT for the first time this marketing year. Mexico remained the top buyer at 440K MT followed by Japan at 226K…

Reports Coming Out This Week (June 15–19) Reports Coming Out This Week (June 15–19) Monday 6/15: Capacity Utilization 8:15  Industrial Production 8:15  Export Inspections 10:00  NOPA Crush 11:00  Crop Progress 3:00  Tuesday 6/16:  Housing Starts 7:30  API Energy Stocks 3:30  FOMC Meeting  Wednesday 6/17:  Business Inventories 7:30  Retail Sales 7:30 …

Cattle & Hog Slaughter Report Briefing Cattle & Hog Slaughter 🐂 Cattle SlaughterHead: 524,000vs Year Ago: −6.5%vs 5 Yr Avg: −16.9% 🐖 Hog SlaughterHead: 2,402,000vs Year Ago: +1.3%vs 5 Yr Avg: +1.1% Analysis: Estimated cattle slaughter for the week ending 6/13 came in at 524,000 head, down 6.5% from a…

WASDE Supply/Demand Report Briefing WASDE Supply/Demand 🌽 CORN (2026/27) Yield: 183.0 bu/acre | Harvested Area: 87.4M acres Production: 15,995M bu | Ending Stocks: 1,960M bu (▲ from 1,957M in May) Season-Avg Price: $4.40/bu (unchanged) 🌱SOYBEANS (2026/27) Yield: 53.0 bu/acre | Harvested Area: 83.7M acres Production: 4,435M bu | Ending Stocks:…