United States Cattle on Feed Down 3 Percent in Latest USDA ReportFri, 21 Feb 2014 14:52:43 CST
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on February 1, 2014. The inventory was 3 percent below February 1, 2013.
Those figures were reported in the USDA's latest Cattle on Feed Report released Friday afternoon.
Placements in feedlots during January totaled 2.03 million, 9 percent above 2013. Net placements were 1.96 million head. During January, placements of cattle and calves weighing less than 600 pounds were 470,000, 600-699 pounds were 440,000, 700-799 pounds were 560,000, and 800 pounds and greater were 559,000.
Marketings of fed cattle during January totaled 1.79 million, 5 percent below 2013.
Other disappearance totaled 71,000 during January, 10 percent below 2013.
Tom Leffler of Leffler Commodities said today's report was on the bearish side due to much larger than expected placements. Click on the LISTEN BAR below for his full analysis.
Click here to see the latest Cattle on Feed report.
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