December Cattle on Feed Numbers a Christmas Gift for Cattle Industry Desperate for Good News- Tom Leffler Offers AnalysisSat, 19 Dec 2015 10:28:24
For the first time in thirty one months, the number of cattle on feed on the first of December was less than the on feed number of a year ago. According to Tom Leffler of Leffler Commodities, the USDA December Cattle on Feed report released on Friday afternoon signaled some positive news for a cattle market hungry for anything that could help stop the recent price downturn.
According to the report:
"Cattle and calves on feed for the slaughter market in the United States for
feedlots with capacity of 1,000 or more head totaled 10.8 million head on
December 1, 2015. The inventory was slightly below December 1, 2014.
"Placements in feedlots during November totaled 1.60 million head, 11 percent
below 2014. Placements are the lowest for November since the series began in
1996. Net placements were 1.53 million head. During November, placements of
cattle and calves weighing less than 600 pounds were 470,000 head, 600-699
pounds were 391,000 head, 700-799 pounds were 310,000 head, and 800 pounds
and greater were 430,000 head.
"Marketings of fed cattle during November totaled 1.53 million head, 4 percent
Leffler, in talking with Radio Oklahkoma Ag Network's Dave Lanning, zeroed in on the Placements- the lowest November placements in twenty years. At 89% versus last November, the number of cattle placed in feedlots was well below what the pre report estimates were projecting at 95.9%. Leffler adds that both the on feed number and the marketings number were friendly as well.
To review the entire report, click here.
You can listen to Dave and Tom talk about the December 2015 USDA Cattle on Feed Report- and also get a preview of this coming Tuesday's Cold Storage Report by clicking on the LISTEN BAR below.
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