• Home
• Listen to Ron
• Ag News
• Markets
• Calendar
• Auctions
• Weather
• Email Archives
• Agri-Innovations
• Beef Buzz
• RON Radio Affiliates
• Contact Us

advertisements
   
   
   
   

   

Agricultural News

Allendale Inc. Releases USDA Cattle on Feed & Cold Storage Estimates

Thu, 19 May 2016 17:44:50 CDT

On Friday May 20, 2016 at 2:00 PM CST, USDA will release the monthly Cattle on Feed report, and on Monday May 23, 2016, USDA will release the monthly Cold Storage report. The following are our estimates for the two reports:



April Placements are expected to be 1.1% smaller than last year at 1.531 million head. There was one less weekday in April 2016 vs. 2015. This is the smallest April placement in four years. USDA's cattle feeding margin model showed a $123 per head profit for outgoing cattle in April for a very light 1,250 lb. animal. This officially ends the most severe period of cattle feeding losses in our database. Corn averaged $3.44 in Western Kansas in April ($3.40 in March, $3.80 in April 2015). April placements supply the September through November slaughter period.



Allendale anticipates a Marketing total 1.8% larger than April 2015 at 1.669 million. This was the second smallest April marketing since the data-series started in 1996. There was one less weekday and one more Saturday in April 2016 vs. the previous year. This artificially decreased the number by 3.7%.



Total Cattle on Feed as of May 1 is 0.1% larger than last year at 10.655 million. That is a decrease over the April 1 total that was +0.5% from one year ago.



Allendale projects a 630 million lb. total pork stock level for the end of April. The five-year average is 639 million lbs. Our estimate represents an increase of 16 million lb. from the previous month. The five-year average month to month change for April is a 23 million lb. decrease. Beef stocks, at 450 million lbs., are above the five-year average of 473. This represents a decrease of 17 million lb. from the previous month. The five-year average change is a 2 million lb. increase.



Cattle on Feed

Allendale Estimates
On Feed May 1 - 100.1
Placements - 98.9
Marketings - 101.8



Cold Storage - Pork Stocks April 30

Last Year - 701.083
Last Month - 614.148
Allendale Estimate - 630.367



Cold Storage - Beef Stocks

Last Year - 484.294
Last Month - 466.988
Allendale Estimate - 450.439



Cold Storage stocks are estimated in million pounds while Cattle on Feed is estimated as a percentage compared to last year.



Source: Allendale, Inc.



   

 

WebReady^TM Powered by WireReady® NSI

 

Top Agricultural News

Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT

Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST

Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST

OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST

OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST

Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST

Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST

Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

More Headlines...