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


Agricultural News

Analysts Expect Sharply Lower Cattle on Feed Placements

Tue, 13 May 2014 17:02:53 CDT

Analysts Expect Sharply Lower Cattle on Feed Placements
Analysts are expecting April placements of cattle on feed to be sharply lower in the USDA’s upcoming Cattle on Feed report due out May 22nd.

Allendale is projecting placements will be 6.1% lower than last year. USDA's cattle feeding margin ended the month with $216 per head profits on outgoing cattle. This strong incentive for heavy placements was curtailed by available feeder supplies. Corn averaged $5.02 in Western Kansas in March ($4.85 in March, $6.72 in April 2013). April placements help supply the September through November slaughter period.

Allendale anticipates a Marketing total 2.2% lower than April 2013. There was no calendar day adjustment this month.

Total Cattle on Feed as of May 1 now totals 1.2% under last year. There will be a bulge in slaughter on a year over year basis in June and July followed by a return to below last year levels.

Allendale projects the USDA will report a 563 million lb. total pork stock level for the end of April in its Cold Storage report which will be released May 16th. The five year average is 601 million lbs. for the end of April.

The Allendale estimate represents a decrease of 12 million lb. from the previous month. The five year average month to month change for April is a 13 million lb. increase.

Beef stocks, at 398 million lbs., are above the five year average of 450. This month's number represents a 7 million lb. drawdown from the previous month. The five year average change is a 4 million lb. decrease.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Latest Fire Situation Report Shows Cimarron and Texas still in Fire Danger   Tue, 07 Apr 2020 10:57:57 CDT
  • Speakers to Cover Farm Security Topics at 2020 Virtual Summit  Tue, 07 Apr 2020 09:55:47 CDT
  • Team Sorghum Hires New Director of Operations, Promotes Duff to Executive Vice President  Tue, 07 Apr 2020 09:51:47 CDT
  • Farmer Sentiment Plummets as Coronavirus Concerns Rise  Tue, 07 Apr 2020 09:44:03 CDT
  • Beef Industry Focuses On Sustainabiity, says NCBA's Alisa Harrison  Tue, 07 Apr 2020 09:37:55 CDT
  • COVID-19 Shows Importance of Emergency Financial Plans  Tue, 07 Apr 2020 08:36:47 CDT
  • Glenn Selk Says Body Condition score at Calving is The Key to Young Cow Success  Tue, 07 Apr 2020 08:19:50 CDT
  • Tuesday Preopening Market Update with Dave Lanning  Tue, 07 Apr 2020 07:18:57 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!


    Search OklahomaFarmReport.com

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

    WebReady powered by WireReady® Inc.