The Cattle on Feed report released by the USDA-NASS on Feb. 23 showed that animals in feedlots bound for the slaughter market in the U.S. totaled 11.8 million head on Feb. 1, a slightly higher inventory than the same period in 2023.

The February World Agricultural Supply and Demand Estimates report (WASDE) showed the 2023-24 U.S. corn outlook is for lower food, seed and industrial use and larger ending stocks.

It’s no secret that the cow herd is at an all-time low. As producers start to build herds back, creating and maintaining a herd health plan will be immensely important.

The February Feed Outlook report showed the 2023-24 global coarse grain production is reduced. Supply is slightly lower at 442.6 million metric tons. However, reductions in total U.S. coarse grain use outweigh supply losses, lifting ending stocks.

Despite anticipating record-high calf values, the beef industry will start feeling the pinch of tight fed cattle supplies coming in the next year, Kevin Good, vice president of market analysis at CattleFax, told attendees at the 2024 CattleFax Industry Outlook Seminar, held on Feb. 2.

The Innovative Feed Enhancement and Economic Development Act of 2023, better known as the Innovative FEED Act, was developed to create options for producers to buy and use products that may not exist on the market today.

For farmers who are in grain, oil, energy and hay production, the CattleFax session at NCBA National Convention in Orlando may have had the answers to your questions.

Few times in history has the cattle industry offered more opportunity for profit to conscientious producers than right now. That was the primary message of CattleFax CEO Randy Blach’s executive summary at CattleFax’s Industry Outlook Seminar on Feb. 2.