Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on Jan. 1, 2020. The inventory was 2% above Jan. 1, 2019, USDA NASS reported on Friday.
The Chinese grain trade is still waiting for instructions on what they'll be expected to buy and how to do it, but experts say getting it done will require a lot more than just cargo ships.
The speech to AFBF's annual meeting marked the third consecutive year Trump has spoken at the convention. On Sunday, Trump reminded the farmer audience he had protected them from economic harm with trade-aid payments while at the same time thanking them for their support.
Speaking Monday at the American Farm Bureau Federation annual meeting, Agriculture Secretary Sonny Perdue said new trade deals with China and others will require the Trump administration to look at helping farmers with labor issues as well.
The DTN/The Progressive Farmer Agriculture Confidence Index has risen significantly higher than in March and December 2018, as farmers ended 2019 with new optimism and were solid in their support for the Trump administration.
