Agricultural News
Cattle on Feed Report Due Friday
Wed, 16 Feb 2011 16:58:21 CST
USDA will release its monthly Cattle on Feed report this Friday afternoon. The report will detail activity in the major feedlots across the country during January of this year, with a cattle on feed total as of February first. According to Allendale, - January Placements are expected to be 6.2 percent larger than last year. Total Cattle on Feed as of February 1 will be 5.9 percent larger than last year.
For the past six months cattle placement numbers have been higher. But, because of the time it takes to get placement cattle to market, the industry knows Placement levels will switch to below last year levels soon. The only argument is in which month that change happens. Meanwhile, Allendale expects the Marketing total will be one-percent smaller than January of 2010.
Better winter weather could have boosted January placements even higher. Therefore, the availability of calves and feeders is a problem and it will get even worse as spring comes. Feeding costs will become influencing factors. March corn futures averaged 5.92 in December and rose over 43 cents to 6.35 1/4 in January.
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