United States Cattle on Feed 'Neutral to Slightly Bearish,' Down 2 PercentFri, 22 Aug 2014 14:55:37 CDT
The USDA released its latest cattle on feed report Friday, revealing cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 9.8 million head on August 1, 2014. The inventory was 2 percent below August 1, 2013.
Tom Leffler of Leffler Commodities called the report "neutral to slightly bearish." (You can hear his full analysis by clicking on the LISTEN BAR at the bottom of this story.)
Placements in feedlots during July totaled 1.56 million, 7 percent below 2013. Net placements were 1.50 million head. During July, placements of cattle and calves weighing less than 600 pounds were 425,000, 600-699 pounds were 260,000, 700-799 pounds were 355,000, and 800 pounds and greater were 520,000. For the month of July placements are the lowest since the series began in 1996.
Marketings of fed cattle during July totaled 1.79 million, 9 percent below 2013. July marketings are the lowest since the series began in 1996.
Other disappearance totaled 63,000 during July, 2 percent below 2013.
Click here for the full Cattle on Feed report.
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