U.S. Cattle on Feed Up 2 PercentFri, 24 Feb 2012 14:43:51 CST
The latest USDA Cattle on Feed report is out on Friday afternoon, February 24, 2012 and it's being called neutral to friendly. The numbers came in close to pre-report estimates with only Marketings higher than expected. The On-Feed number was the twenty first straight month of seeing On-Feed numbers higher than the previous year. There weren't any big surprises that should sway the market one way or another.
Click on the listening bar at the bottom of the page to hear Tom Leffler of Leffler Commodities analyze the latest Cattle on Feed numbers.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on February 1, 2012. The inventory was 2 percent above February 1, 2011.
Placements in feedlots during January totaled 1.85 million, 2 percent below 2011. Net placements were 1.77 million head. During January, placements of cattle and calves weighing less than 600 pounds were 445,000, 600-699 pounds were 430,000, 700-799 pounds were 525,000, and 800 pounds and greater were 447,000.
Marketings of fed cattle during January totaled 1.82 million, 2 percent above 2011.
Other disappearance totaled 81,000 during January, 42 percent above 2011.
For all the numbers in the latest Cattle on Feed report click on the following link: February 2012 Cattle on Feed Report
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