Agricultural News
USDA Monthly Cattle on Feed report much friendlier than expected.
Fri, 23 Sep 2011 14:43:46 CDT
United States Cattle on Feed Up 5 Percent
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.7 million head on September 1, 2011. The inventory was 5 percent above September 1, 2010. This is the third highest September 1 inventory since the series began in 1996.
Placements in feedlots during August totaled 2.25 million, 1 percent below 2010. Net placements were 2.18 million head. During August, placements of cattle and calves weighing less than 600 pounds were 715,000, 600-699 pounds were 370,000, 700-799 pounds were 477,000, and 800 pounds and greater were 690,000.
Marketings of fed cattle during August totaled 2.05 million, 7 percent above 2010. Other disappearance totaled 72,000 during August, 53 percent above 2010.
Click on the following link to see all the numbers for this months Cattle on Feed report - Cattle on Feed Report
Tom Leffler of Leffler Commodities gives us his analysis of this month's Cattle on Feed numbers and what it could mean for the market. Click on the listening bar below.
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