Cattle on Feed Preview- Jim Robb Sees On Feed Numbers Even With Last YearThu, 24 Apr 2014 05:58:45 CDT
The next regular Cattle on Feed report from USDA comes this Friday Afternoon, April 25th at 2 PM central time. The Executive Director of the Livestock Market Information Center, Jim Robb, sees two percent fewer placements in this report compared to March of 2013- but still the potential for as many or maybe a few more cattle on feed on April first compared to April Fools Day, 2013.
Dr. Robb told Eric Atkinson on Agriculture Today earlier this week that those numbers on feed being about even with a year ago " are not very sustainable given the total pool of cattle is still shrinking in the United States."
Robb's Comments are featured in today's Beef Buzz.
Meanwhile, Rich Nelson with Allendale sees higher placements than at this point in 2013- here's Nelson's in advance of the Friday report:
"March Placements are expected to be 3.2% higher than last year. Cattle feeders ended the month with $262 per head profits on outgoing cattle. This was the largest profit since November 2003. This strong incentive for heavy placements was curtailed by weather. Corn averaged $4.85 in Western Kansas in March ($4.53 in February, $7.41 in March 2013). March placements help supply the August through early October slaughter period. From September through March placements have run 5.0% over last year despite limited feeder supplies. This will cause heavy slaughter supplies from late spring through summer. However, the coming feeder deficit may sharply limit summer placements and impact fall/winter slaughter supplies.
"Allendale anticipates a Marketing total 1.2% lower than March 2013. There was no calendar day adjustment this month.
"Total Cattle on Feed as of April 1 now totals 0.2% over last year. This is the first year over year increase in COF since August 2012. It represents the coming change in slaughter supplies that will be evident from late spring through summer."
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.
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