US Cattle on Feed Up 1 Percent, Better than Expected Placements "Friendly News"Fri, 22 May 2015 17:03:52 CDT
The latest cattle on feed report shows herd expansion is underway in the U.S. The U.S. Department of Agriculture reported Friday, the number of cattle on feed in the U.S. totaled 10.64 million head as of May first. That's up one percent over a year ago. Tom Leffler of Leffler Commodities said the biggest surprise in the report was the placements figure.
"Overall, this report showed a little friendliness with the lower than expected placements, that kind of helps offset a little bit of what we saw last month when we had higher than expected placements," Leffler said.
Placements in feedlots during April totaled 1.55 million, five percent below 2014. Net placements were 1.48 million head. That was lower than trade expectations. Leffler said this is second smallest monthly placement number of the past ten years and the third lowest placement April number of the past thirteen years.
Radio Oklahoma Network's Leslie Smith caught up with Leffler Friday. Click or tap on the LISTENBAR below to listen to the full report.
During April, placements of cattle and calves weighing less than 600 pounds were 320,000, 600-699 pounds were 240,000, 700-799 pounds were 348,000, and 800 pounds and greater were 640,000, up 6.7 percent. Leffler said 800 plus pound category continues the trend of larger increases over a year ago.
Marketings of fed cattle during April totaled 1.64 million, eight percent below 2014. April marketings are the lowest since the series began in 1996.
Other disappearance totaled 66,000 during April, 20 percent below 2014.
On Friday, USDA also released the monthly cold storage report. The report showed total red meat supplies in freezers were up two percent from the previous month and up 20 percent from last year. Total pounds of beef in freezers were down one percent from the previous month but up 18 percent from last year. Frozen pork supplies were up 4 percent from the previous month and up 20 percent from last year. Stocks of pork bellies were up three percent from last month but down 16 percent from last year.
Click here to read the full Cattle on Feed report.
Click here for the full Cold Storage report.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News