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Agricultural News

United States Cattle on Feed Up 3 Percent

Fri, 19 Nov 2010 14:36:50 CST

The latest Cattle on Feed Numbers are out on Friday afternoon, November 19, 2010, with no real surprises in the numbers. The USDA report was much in line with pre-report estimates. As far as the future Monday morning, how this report will effect the markets will depend mainly on the grains. You can hear a complete analysis of the latest Cattle on Feed report by Tom Leffler of Leffler Commodities. Just click on the listening bar below.

   

United States Cattle on Feed Up 3 Percent
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.5 million head on November 1, 2010. The inventory was 3 percent above November 1, 2009.

Placements in feedlots during October totaled 2.50 million, 1 percent above 2009. Net placements were 2.44 million head. During October, placements of cattle and calves weighing less than 600 pounds were 725,000, 600-699 pounds were 640,000, 700-799 pounds were 514,000, and 800 pounds and greater were 625,000.

Marketings of fed cattle during October totaled 1.73 million, 1 percent below 2009. This is the second lowest fed cattle marketings for the month of October since the series began in 1996. Other disappearance totaled 62,000 during October, 5 percent above 2009

You can read the entire USDA report by clicking on the link: Cattle on Feed Numbers


   

Ed Richards talks with Tom Leffler who breaks down the COF numbers. right-click to download mp3

 

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