Agricultural News
United States Cattle on Feed Down Three Percent
Fri, 19 Oct 2012 14:39:01 CDT
United States Cattle on Feed Down 3 Percent
The latest USDA Cattle on Feed report was released Friday afternoon, October 19, 2012, showing Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11 million head on October 1, 2012. The inventory was 3 percent below October 1, 2011. The inventory included 6.96 million steers and steer calves, up slightly from the previous year. This group accounted for 63 percent of the total inventory. Heifers and heifer calves accounted for 3.97 million head, down 8 percent from 2011.
Placements in feedlots during September totaled 2 million, 19 percent below 2011. This is the lowest cattle placements for the month of September since the series began in 1996. Net placements were 1.94 million head. During September, placements of cattle and calves weighing less than 600 pounds were 515,000, 600 to 699 pounds were 355,000, 700 to 799 pounds were 444,000, and 800 pounds and greater were 690,000.
Marketings of fed cattle during September totaled 1.60 million, 12 percent below 2011. This is the second lowest cattle marketings for the month of September since the series began in 1996.
You can see the complete set of numbers by clicking on the pdf file link below:
00410_COF.pdf
You can hear Tom Leffler of Leffler Commodities breakdown all the numbers released and his take on how it will effect the markets. Just click on the listening bar at the bottom of the page.
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