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Agricultural News


The Recent Trend of Higher Placements in Monthly Cattle on Feed Reports Expected to Continue in Friday's Report

Wed, 15 Dec 2010 9:31:20 CST

The Recent Trend of Higher Placements in Monthly Cattle on Feed Reports Expected to Continue in Friday's Report The final Cattle on Feed Report of the year is scheduled to be released on Friday afternoon, December 17, 2010. Rich Nelson of Allendale is one of several analysts that offer a preview of what they think the report may indicate.


According to Nelson, November Placements are expected to be 8.3% larger than last year. This represents four months in a row of higher placements. Cow/calf producers continue to liquidate. This means high cow slaughter and reduced heifer retention. Those heifers are flooding the sale barn and the feedlot. Cattle feeders are now looking at breakevens at around $98 currently. December corn futures averaged 545 1/2 in October and rose 6 3/4 to 552 1/4 in November. Cattle placed in November will be marketed from April through August.


Allendale anticipates a Marketing total 10.3% larger than November of 2009. 5.1% of that increase was due to one more weekday in 2010 versus last year. Weekly slaughters will remain larger than last year into early summer.



Total Cattle on Feed as of December 1 will be 3.0% larger than last year, if Allendale's expectations are met.


The report will be released at 2 PM central time by USDA.



   

 

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