Agricultural News
Beef Buzz- Tom Leffler Reviews Cattle on Feed Numbers from February 2015 Report
Mon, 23 Feb 2015 06:27:38 CST
The latest cattle on feed numbers held no surprises, coming in near trade expectations. The latest estimate was released Friday afternoon by the U.S. Department of Agriculture. Tom Leffler of Leffler Commodities called the report neutral to bearish with the on feed numbers in line with expectations, placements came in at 89%, which was slightly negative and marketings came in at 91%, which was near expectations. Leffer said he didn't see anything that was a shock to the market.
The U.S. had 10.626 million head of cattle on feed, as of February first. That was slightly above a year ago and 4.3% below the three year average. Leffler said this was the second smallest February on feed number of the past 12 years. In the three major cattle feeding states of Texas, Kansas and Nebraska, he said they all saw 2% increases in their on feed numbers.
Review the full report as released on Friday by USDA by clicking here.
After the report was released, Tom Leffler talked with the Radio Oklahoma Ag Network's Leslie Smith- and his comments with Leslie are featured in today's Beef Buzz with Farm Director Ron Hays.
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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