Beef Buzz News
Higher-Than-Expected Placements Provide Slighter Bigger Cattle on Feed Number Than a Year Ago
Mon, 24 Jan 2022 10:49:40 CST
The latest Cattle on Feed report was released by the U.S. Department of Agriculture on Friday. The report wraps up 2021, giving folks in the beef cattle industry a base point to start projections for 2022. Derrell Peel, extension specialist for livestock marketing at Oklahoma State University, spoke with the Oklahoma Farm Report’s Senior Farm Broadcaster Ron Hays about the numbers.
Listen to Ron's conversation with Dr. Peel here.
The Jan. cattle on feed report shows placements for Dec. up nearly 6% and marketings were even with a year ago. The on-feed total for Jan. 1 was 12 million head of cattle. In all, that rounds up to 1% ahead of a year ago and makes the Jan. inventory the second-highest since 1996.
“It is bigger than expected,” Peel said. “It is outside the range for guesses. I had seen some stuff that said we might see some big placements, but when it was all said and done, nobody anticipated these placements to be this high.”
The high number of placements will be treated as a bearish factor in the market, according to Peel.
“With the streak we had in cattle markets all fall, we saw cattle-auction runs build through Nov.,” Peel said. “I think some of it might have been the timing of when the cattle came to town.
“In the Southern Plains, we are very dry right now. We know some of the wheat pasture is going backward, so we may have had some cattle actually come back through the auctions and wind up going into the feedlots or moving straight from the wheat to the feedlots earlier than expected.”
The large placement number pushed the on-feed total up, according to Peel. Working through the bottleneck of cattle on feed caused by the Holcomb, Kan. processing plant fire and the COVID-19 pandemic soon after has been a slow process, he added.
“If you look at the weight break downs in this number, you see for the second month in a row that the bulk of the increase of placements was in very light-weight cattle,” Peel said. “Part of that was the time of the year, part of it may be the lack of wheat pasture and part of it may be that is just what feedlots can find right now.”
Peel said if that is the case, it may soon be revealed that the U.S. beef cattle herd is much tighter than the numbers show.
Click on the LISTEN BAR below to hear more from Ron Hays and Derrell Peel as they talk about the Jan. 2022 Cattle on Feed report from the USDA.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Lance Zimmerman with Cattlefax Offers Cow Calf Producers Strategies for Success Fri, 20 May 2022 08:44:10 CDT
Kent Bacus says NCBA is Committed to Promoting Trade to Benefit US Cattle Producers Thu, 19 May 2022 09:54:10 CDT
John Butler with the Beef Marketing Group Communicates to Consumers that the Beef Industry is Sustainable Wed, 18 May 2022 09:46:15 CDT
John Butler with Beef Marketing Group Aims to See All Segments of the Beef Industry Working Together Tue, 17 May 2022 09:44:42 CDT
Fewer Pounds of Beef Coming in the Beef Pipeline Mon, 16 May 2022 09:02:35 CDT
NCBA's Colin Woodall Gives Credit to Cattle Producers for Always Being Sustainable Fri, 13 May 2022 11:08:03 CDT
Dakota Moss Describes Benefits of Utilizing an LRP Program for Cattle Producers Thu, 12 May 2022 09:53:54 CDT
Historically Poor Pasture Conditions to Hit Beef Supplies Ahead Wed, 11 May 2022 11:31:21 CDT
Six Years After Repeal, Senator John Thune Still Wants Mandatory Country of Origin Labeling Tue, 10 May 2022 09:39:50 CDT
USMEF's Erin Borror Suspects Increased Herd Liquidation May Lead to Tighter Supplies in the Future Mon, 09 May 2022 12:29:27 CDT
USMEF's Erin Borror Sees Growth in US Beef Exports for the Remainder of 2022 Fri, 06 May 2022 10:13:22 CDT
NCBA's Ethan Lane Hopes to Ensure Risk Management Tools Are Available for all Sectors of Cattle Production Thu, 05 May 2022 10:37:28 CDT
NCBA's Ethan Lane Believes Grassley-Fischer Bill Wil Not Accomplish What the Authors Are Intending Wed, 04 May 2022 09:18:44 CDT
Dr. Stephen Koontz says Mandated Cash Cattle Trade Will Cost Cow-Calf Producers Tue, 03 May 2022 17:30:26 CDT
NCBA Concerned with the Biden Admin's Plan to Publish their own WOTUS Rule Ahead of the Supreme Court Mon, 02 May 2022 09:03:33 CDT
NCBA's Mary Thomas Hart says U.S. Agriculture Needs a Clear Definition of WOTUS Sun, 01 May 2022 20:37:57 CDT
Don Schiefelbein tells U.S. House Ag Committee that Freedom to Market Matters Thu, 28 Apr 2022 11:20:51 CDT
President-Elect of KLA, Shawn Tiffany, asks Congress not to Limit the use of AMA's Wed, 27 Apr 2022 09:48:23 CDT
OSU's Derrell Peel Says We Could See at Least a 3-4% Decrease in the Beef Cow Herd in 2022 Tue, 26 Apr 2022 06:49:14 CDT
Surprise! Derrell Peel Says Feedlot Numbers Well Above Pre Report Expectations in Latest Cattle on Feed Report Sun, 24 Apr 2022 19:40:48 CDT
Dr. Bart Fischer Says Government-Mandated Cash Cattle Trade Could Reduce Prices to Cow-Calf Producers Fri, 22 Apr 2022 11:00:33 CDT
Cattle Producers Can Strategically Utilize the LRP Program to Secure Profit Thu, 21 Apr 2022 06:49:26 CDT
Dakota Moss Says Cattle Producers Can Benefit from Utilizing a LRP Program Wed, 20 Apr 2022 09:46:06 CDT
Dr. Rosslyn Biggs: Keep an Eye Out for Dust Pneumonia in Cattle During Dry Conditions Tue, 19 Apr 2022 07:53:43 CDT
Andy Holloway on Upcoming Annual Hemphill County Beef Conference Tue, 19 Apr 2022 07:46:21 CDT
USMEF Still Combatting Covid in Today's Global Market, Says Dan Halstrom Fri, 15 Apr 2022 12:29:37 CDT
Dan Halstrom with USMEF Sees 2022 Off to a Promising Start Thu, 14 Apr 2022 13:12:39 CDT
OSU's Derrell Peel Predicts Tighter Cattle Supplies Going Forward in the Drought Wed, 13 Apr 2022 08:26:27 CDT
K-State Researcher Sees Industrial Hemp as Stress Reducer for Cattle Tue, 12 Apr 2022 15:29:42 CDT
Oklahoma Cattlewomen's Beef Advocacy Contest for Youth Winner, Morley Griffith Tue, 12 Apr 2022 15:28:27 CDT
Virtual Fencing and the Advantages for Rotational Grazing with Jimmy Emmons Fri, 08 Apr 2022 08:04:21 CDT
Jimmy Emmons Talks on the Benefits of Starting Down the Road to Soil Health Thu, 07 Apr 2022 13:27:11 CDT
Jimmy Emmons Tells Ranchers to Be Proactive During Dry Times by Prioritizing Grazing Management Wed, 06 Apr 2022 08:42:08 CDT
Latest USDA Prospective Plantings Points to Lower Feeder Cattle Prices Ahead Tue, 05 Apr 2022 11:48:14 CDT
Biden Administration Pushing to Expand Definition of WOTUS Mon, 04 Apr 2022 16:40:44 CDT