Agricultural News
U.S. Cattle on Feed Up 3 Percent
Fri, 23 Mar 2012 14:39:33 CDT
United States Cattle on Feed Up 3 Percent
The latest USDA Cattle on Feed report was released Friday afternoon, March 23, 2012, showing On Feed numbers and placements a little larger than expected with marketing numbers a little lower. The On-Feed numbers came in 3 percent higher. Expectations were around 2 percent. This makes twenty-two months in a row the On-Feed number has been higher than the previous year.
The report is looked at as slightly bearish but with other fundamental and technical news in the market, it may not have much of a bearing on the markets Monday morning.
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 11.7 million head on March 1, 2012. The inventory was 3 percent above March 1, 2011.
Placements in feedlots during February totaled 1.71 million, 3 percent above 2011. Net placements were 1.62 million head. During February, placements of cattle and calves weighing less than 600 pounds were 400,000, 600-699 pounds were 335,000, 700-799 pounds were 469,000, and 800 pounds and greater were 510,000.
Marketings of fed cattle during February totaled 1.76 million, 2 percent below 2011.
Other disappearance totaled 93,000 during February, 52 percent above 2011.
For all the numbers in the latest Cattle on Feed report click on the following link: USDA Cattle on Feed Report
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