U.S. Cattle on Feed Up 2 PercentFri, 20 Apr 2012 14:36:56 CDT
United States Cattle on Feed Up 2 Percent
The latest USDA Cattle on Feed report was released Friday afternoon, April 20, 2012, showing the On Feed numbers come in exactly as the pre-report estimates predicted at a 2 percent increase over year ago numbers. This represents twenty three straight months of On Feed numbers being larger than year ago levels. The Placement number was slightly higher than the estimates. It came in at 94 percent, placing 1.79 million head of cattle making this the smallest March Placement in the last four years. Marketings came in slightly larger than expected at 96 percent, representing 1.989 million head of cattle. According to Tom Leffler of Leffler Commodities, the latest Cattle on Feed report has nothing that stands out to influence the market one way or another.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.5 million head on April 1, 2012. The inventory was 2 percent above April 1, 2011. The inventory included 7.17 million steers and steer calves, up 1 percent from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.25 million head, up 4 percent from 2011.
Placements in feedlots during March totaled 1.79 million, 6 percent below 2011. Net placements were 1.72 million head. During March, placements of cattle and calves weighing less than 600 pounds were 390,000, 600-699 pounds were 300,000, 700-799 pounds were 500,000, and 800 pounds and greater were 602,000.
Marketings of fed cattle during March totaled 1.92 million, 4 percent below 2011.
Other disappearance totaled 69,000 during March, 30 percent above 2011.
You can see the entire report by clicking on the following link - April 20 Cattle on Feed Report
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.
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