On Friday afternoon, USDA released the July Cattle on Feed Report as well as the biannual Cattle Inventory report. They also released the latest Cold Storage report. Cattle inventory was reported down 2% with cattle on feed for July up slightly. The reports will be looked at by traders over the weekend and have an impact on market action no doubt as we come back on Monday. Below are links to read all three reports from the USDA.
Cattle on Feed: https://downloads.usda.library.cornell.edu/usda-esmis/files/m326m174z/2v23x227w/zp38xk15j/cofd0722.pdf
Cattle Inventory: https://downloads.usda.library.cornell.edu/usda-esmis/files/h702q636h/tq57pz24k/cz30r103f/catl0722.pdf
Cold Storage: https://downloads.usda.library.cornell.edu/usda-esmis/files/pg15bd892/3j334905v/vx022n475/cost0722.pdf
