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Agricultural News

USDA Cattle on Feed Report May Be Slightly Negative

Fri, 20 Aug 2010 14:44:02 CDT

Cattle on Feed up 2 percent


Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 9.9 million head on August 1, 2010. The inventory was 2 percent above August 1, 2009. Placements in feedlots during July totaled 1.75 million, 6 percent below 2009. Net placements were 1.71 million head. During July, placements of cattle and calves weighing less than 600 pounds were 415,000, 600-699 pounds were 305,000, 700-799 pounds were 449,000, and 800 pounds and greater were 585,000. Marketings of fed cattle during July totaled 1.90 million, 2 percent below 2009. This is the lowest fed cattle marketings for the month of July since the series began in 1996. Other disappearance totaled 48,000 during July, 12 percent above 2009.
For the full Cattle on Feed Report from USDA click on the link below:
USDA Cattle on Feed Report for August 20, 2010
Tom Leffler of Leffler Commodities says there was no real surprises in the report but looks at it as slightly negative with no real influence on the markets when trading gets underway Monday.
Click on the listening bar below for Tom's analysis of the Cattle of Feed Report

Radio Oklahoma's Ed Richards talks with Tom Leffler of Leffler Commodities about the August Cattle on Feed Numbers right-click to download mp3

 

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