United States Cattle on Feed Up 4 PercentFri, 16 Dec 2011 14:41:57 CST
The latest Cattle on Feed Numbers are out on Friday afternoon, December 16, 2011. The "On Feed" numbers were in line with pre-estimate reports, Placements were larger than expected and Marketings also a little larger than expected. Overall, the report has a slightly negative tone and we can expect to see downside in the cattle futures at the open Monday morning. Tom Leffler of Leffler Commodities analyzes the report and you can hear it by clicking on the listening bar at the bottom of the page.
United States Cattle on Feed Up 4 Percent
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.1 million head on December 1, 2011. The inventory was 4 percent above December 1, 2010. This is the second highest December 1 inventory since the series began in 1996.
Placements in feedlots during November totaled 2.04 million, 4 percent above 2010. Net placements were 1.94 million head. During November, placements of cattle and calves weighing less than 600 pounds were 755,000, 600-699 pounds were 499,000, 700-799 pounds were 375,000, and 800 pounds and greater were 410,000.
Marketings of fed cattle during November totaled 1.77 million, slightly below 2010.
Other disappearance totaled 102,000 during November, 65 percent above 2010.
You can see the entire USDA Cattle on Feed report by clicking on the following link: December Cattle on Feed Report
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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