Agricultural News
Cattle on Feed Numbers Off Three Percent from Year Ago Levels
Sat, 20 Feb 2010 13:36:06 CST
The following is the overview of the February first cattle on feed report as released on Friday afternoon, February 19, 2010 by USDA. The report showed that the total U.S. Cattle on Feed inventory was down 3 Percent compared to February 1, 2009. Click here for the entire report as released by USDA on Friday afternoon.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.0 million head on February 1, 2010. The inventory was 3 percent below February 1, 2009.
Placements in feedlots during January totaled 1.83 million, 2 percent below 2009. Net placements were 1.76 million head. During January, placements of cattle and calves weighing less than 600 pounds were 400,000, 600-699 pounds were 445,000, 700-799 pounds were 560,000, and 800 pounds and greater were 420,000.
Marketings of fed cattle during January totaled 1.77 million, 2 percent above 2009. This is the third lowest fed cattle marketings for the month of January since the series began in 1996.
Compared to analysts pre report guesses, the on feed number was right in line with expectations, while both the placements and marketing numbers were within the pre report trade guesses.
Ed Richards talked with Tom Leffler of Leffler Commodities after the report was released on Friday- and you can hear Tom's take by clicking on the Listen Bar below.
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