Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


Allendale Projects Significant Increase in February Placements Ahead of USDA Reports

Tue, 18 Mar 2014 16:16:14 CDT

Allendale Projects Significant Increase in February Placements Ahead of USDA Reports
The USDA’s Cattle on Feed and Cold Storage Estimate reports are due out March 21st and February placements are expected to be 7.9% higher than last year, according to analysts at Allendale.


Profits on outgoing cattle during February were pegged at $191 per head. That is the highest profit since April 2010.   Those profits were driven in large measure due to significantly lower average February corn prices of $4.53 in western Kansas. The price the previous month had been $4.54 and the price in 2013 a whopping $7.30.


September through January placements averaged 5% over the previous year’s figure, so it is uncertain what February’s 7.9% projection will mean in relation to the corresponding late summer to early fall slaughter period.


Allendale is projecting a 4% lower marketings total in February compared with February of 2013 and the total cattle on feed number as of March 1st is expected to come in 1.2% lower than last year.
    

Total pork stock levels are expected to be 633 million pounds, far above the five-year-average of 594 million pounds at the end of February. That is also a 31-million-pound increase from the previous months.


Beef stocks are projected to come in at 413 million pounds, a drawdown of 17 million pounds from January as compared to a five-year-average drawdown of 12 million pounds.


Allendale projects cattle on feed to be 98.8% of the previous year, placements at 107.9% and marketings at 96%.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday April 3, 2020  Sat, 04 Apr 2020 16:32:49 CDT
  • Friday, April 3, 2020 Market Wrap-Up with Justin Lewis  Fri, 03 Apr 2020 15:39:59 CDT
  • Global Changes Could Impact U.S. Farmers' Spring Planting Intentions Says USDA Chief Economist Rob Johansson  Fri, 03 Apr 2020 14:30:08 CDT
  • Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace through February  Fri, 03 Apr 2020 14:07:52 CDT
  • USDA Adds Additional Flexibilities for Crop Insurance to Support America’s Farmers and Ranchers  Fri, 03 Apr 2020 13:18:47 CDT
  • Coronavirus Impact Ripples Across Farm Country  Fri, 03 Apr 2020 14:15:59 CDT
  • *Deadline Extended* OKFB Accepting Applications for $1,000 Scholarships  Fri, 03 Apr 2020 11:39:47 CDT
  • National Sorghum Producers to Open Board Director Applications  Fri, 03 Apr 2020 10:17:47 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.