Friendly Monthly Cattle on Feed Report Shows 14 Percent Drop in PlacementsSun, 24 Mar 2013 06:34:35 CDT
Analysts are calling the latest USDA Cattle on Feed Report a very friendly report with a signficantly larger than expected drop in placements. The on-feed number was slightly lower than expected and the marketing's number was nearly on par with last year.
Jim Apel talked with Tom Leffler of Leffler Commodities after the report was released on Friday afternoon- and you can hear their conversation about this report by clicking on the LISTEN BAR below.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.9 million head on March 1, 2013. The inventory was seven percent below the number on March 1, 2012.
Placements in feedlots during February totaled 1.48 million, 14 percent less than 2012. Net placements were 1.42 million head.
During February, placements of cattle and calves weighing less than 600 pounds were 355,000, 600-699 pounds were 270,000, 700-799 pounds were 407,000, and 800 pounds and greater were 450,000.
Placements are the lowest for February since the series began in 1996.
Marketings of fed cattle during February totaled 1.64 million, 7 percent below 2012.
Other disappearance totaled 60,000 during February, 35 percent below 2012.
You can view the full cattle on feed numbers by by clicking here.
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