USDA’s monthly Cattle on Feed report would normally be released tomorrow. It is suspended however due to the government shutdown. The question is whether the report will be published. What we have is history to look back on. During previous shutdowns in 2013 the report was published at the end of the month, though that shutdown lasted only 16 days. This year we’re in the 23rd day. Then in 2018-2019, the shutdown lasted 35 days. The affected report was for January, which was published on the 22 February 2019, and the February report was published in early March (not the normal third Friday of the month). Thus, it is likely that these Cattle on Feed reports will come out, but that they will be late. We’ll have to wait and se...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
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