Cattle on Feed Placements Jump in January- But Overall Supplies Remain Tight- Derrell PeelMon, 24 Feb 2014 04:38:51 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.
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.
Those figures were reported in the USDA's latest Cattle on Feed Report released Friday afternoon. According to OSU Extension Livestock Market Economist Dr. Derrell Peel, the on feed number was a little higher than expected- and that ties in with a higher than expected placement number found in the February report. Peel talked with Radio Oklahoma Ag Network Farm Director Ron Hays about why those placement numbers came in well above last January- and what he takes away from the report overall. Peel is our guest on today's Beef Buzz and you can hear Ron and Derrell by clicking on the LISTEN BAR below.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Click here for the actual report as released on Friday by USDA.
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