Agricultural News
U.S. Cattle on Feed Down Five Percent, Placements Down 13
Fri, 16 Nov 2012 16:07:17 CST
The USDA's Cattle on Feed Report released ahead of the Thanksgiving holiday shows inventories down significantly over the same time last year, with placements taking the biggest hit.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on November 1, 2012. The inventory was 5 percent below November 1, 2011.
Placements in feedlots during October totaled 2.18 million, 13 percent below 2011. This is the lowest cattle placements for the month of October since the series began in 1996. Net placements were 2.10 million head. During October, placements of cattle and calves weighing less than 600 pounds were 680,000, 600-699 pounds were 505,000, 700-799 pounds were 435,000, and 800 pounds and greater were 560,000.
Marketings of fed cattle during October totaled 1.84 million, 3 percent above 2011.
Other disappearance totaled 78,000 during October, 20 percent below 2011.
Tom Leffler of Leffler Commodities breaks down the numbers and you can hear his full report by clicking on the LISTEN BAR below.
You can also read the full Cattle on Feed Report by clicking here.
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