United States Cattle on Feed up One PercentFri, 17 Aug 2012 14:38:40 CDT
The latest USDA Cattle on Feed report was released Friday afternoon, August 17, 2012, showing very little variation from the pre-report estimates to the actual USDA numbers. August On-Feed came in at 101 percent of year ago levels with 10.656 million head of cattle, the largest On Feed number in the past six years.
Placements came in at 90 percent of year ago levels, a little lower than estimates. Placements equaled 1.922 million head of cattle.
Marketings came in at 100 percent of year ago levels, slightly lower than the trade was looking for.
Overall, the report is looked on as neutral as far as the markets are concerned.
You can hear Tom Leffler of Leffler Commodities breakdown all the numbers released today and his take on how it will effect the markets. Just click on the listening bar at the bottom of the page.
United States Cattle on Feed Up 1 Percent Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.7 million head on August 1, 2012. The inventory was 1 percent above August 1, 2011.
Placements in feedlots during July totaled 1.92 million, 10 percent below 2011. Net placements were 1.86 million head. During July, placements of cattle and calves weighing less than 600 pounds were 500,000, 600-699 pounds were 325,000, 700-799 pounds were 470,000, and 800 pounds and greater were 627,000.
Marketings of fed cattle during July totaled 1.91 million, slightly below 2011. Other disappearance totaled 63,000 during July, 11 percent below 2011.
To see the complete breakdown of the numbers, click on the following link - 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.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News