Agricultural News
United States Cattle on Feed Down 5 Percent
Fri, 20 Dec 2013 14:45:31 CST
The USDA released its latest Cattle on Feed report today and it shows the number of 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 December 1, 2013. The inventory was 5 percent below December 1, 2012. This is the second lowest inventory for December 1 since the series began in 1996.
Tom Leffler of Leffler Commodities says he doesn't expect the report to have a major impact on cattle markets Monday.
"Our report did not hold any huge surprises. the only thing that was a little different than what the trade was expecting was looking for--the placements were a little bit lower."
Placements in feedlots during November totaled 1.88 million, 3 percent below 2012. Net placements were 1.81 million head. During November, placements of cattle and calves weighing less than 600 pounds were 585,000, 600-699 pounds were 510,000, 700-799 pounds were 362,000, and 800 pounds and greater were 425,000.
Marketings of fed cattle during November totaled 1.68 million, 5 percent below 2012.
Other disappearance totaled 73,000 during November, 17 percent below 2012.
Click here for the full Cattle on Feed report.
You can hear more of Tom Leffler's analysis by clicking on the LISTEN BAR below.
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