The latest Cattle on Feed Numbers are up 4 percent from year ago levels.Fri, 18 Nov 2011 14:34:29 CST
The latest Cattle on Feed Numbers are out on Friday afternoon, November 18, 2011. The numbers have cattle on feed at 4 percent above year ago levels. The report was close to the private estimates we've seen all week, but marketings were better than expected. There were no real surprises and the report is looked on as friendly. You can hear Tom Leffler of Leffler Commodities analyze the latest Cattle on Feed report and what it might mean for the markets, by clicking on the listening bar at the bottom of the page.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.9 million head on November 1, 2011. The inventory was 4 percent above November 1, 2010. This is the second highest November 1 inventory since the series began in 1996.
Placements in feedlots during October totaled 2.49 million, 1 percent below 2010. Net placements were 2.40 million head. During October, placements of cattle and calves weighing less than 600 pounds were 805,000, 600-699 pounds were 600,000, 700-799 pounds were 501,000, and 800 pounds and greater were 585,000.
Marketings of fed cattle during October totaled 1.79 million, 3 percent above 2010.
Other disappearance totaled 93,000 during October, 50 percent above 2010.
You can see the entire USDA Cattle on Feed report by clicking on the following link: Cattle on Feed Report for November 18, 2011
Tom Leffler of Leffler Commodities offers his analysis of the latest Cattle on Feed numbers. Click on the listening bar below.
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