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USDA in catch up mode

Source: Wikimedia Commons

Since the U.S. Department of Agriculture (USDA) did not release the January Cattle On Feed report, due to the government shutdown, private sources are trying to fill that void.

What you’ll hear today is speculation. The best we can do is average these educated guesses.

The USDA may not be right in their reports, but they try to be consistent in their data collection and statistical process. The January Cattle Inventory report will not come out on time, so speculation prevails.

The partial federal government shutdown is now over – at least for three weeks while President Trump continues to negotiate with Congress on a long-term appropriations bill – but the date has come and gone for the January Cattle of Feed report, which at this point may just be scrapped by the Department of Agriculture altogether.

In the absence of this report, Jim Robb of the Livestock Marketing Information Center, like many other industry analysts, has shared numbers he thinks the USDA would have published last Friday, as the report was originally scheduled. Robb spoke with Ron Hays of the Radio Oklahoma Ag Network.

AUDIO: Profit Matters 1-29-19