U.S. Cattle on Feed Up 3 PercentFri, 20 Jan 2012 14:37:01 CST
The latest Cattle on Feed Numbers are out on Friday afternoon, January 20, 2012, and showed inventory 3 percent above year ago levels. The report showed no surprises and came in close to expectations. It should have no effect on the markets when trading begins Monday morning. With record highs set in many cattle futures this past week, alot of the positive aspects will already be built in to the markets.
United States Cattle on Feed Up 3 Percent
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 January 1, 2012. The inventory was 3 percent above January 1, 2011. The inventory included 7.28 million steers and steer calves, up 1 percent from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.50 million head, up 6 percent from 2011.
Placements in feedlots during December totaled 1.68 million, 6 percent below 2010. Net placements were 1.59 million head. During December, placements of cattle and calves weighing less than 600 pounds were 550,000, 600-699 pounds were 390,000, 700-799 pounds were 365,000, and 800 pounds and greater were 378,000.
Marketings of fed cattle during December totaled 1.80 million, 2 percent below 2010.
Other disappearance totaled 91,000 during December, 40 percent above 2010.
You can see all the numbers by clicking on the following link: Cattle On Feed Report, January 20, 2012
Ed Richards spoke with Tom Leffler of Leffler Commodities about the latest Cattle on Feed numbers and you can hear Tom's analysis of the report by clicking on the listening bar below.
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