Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   

Agricultural News


Allendale, Inc. Releases Cattle on Feed and Cold Storage Report Estimates

Tue, 21 Jun 2016 17:24:42 CDT

Allendale, Inc. Releases Cattle on Feed and Cold Storage Report Estimates On Friday June 24 at 2:00 PM CT, USDA will release their monthly Cattle on Feed and Cold Storage reports. The following are our estimates for the two reports:



May Placements are expected to be 9.1% larger than last year at 1.875 million head. There have now been four months in a row of above last year placements. This will help bulge supplies in Q3 and Q4. USDA's cattle feeding margin model showed a $33 per head profit for outgoing cattle in May for a very light 1,250 lb. animal. This now marks two months in a row of profits after 15 months of losses. Corn averaged $3.55 in Western Kansas in May ($3.44 in April, $3.67 in May 2015). May placements supply the October through January slaughter period.



Allendale anticipates a Marketing total 7.7% larger than May 2015 at 1.831 million. This was the second smallest May marketing since the data-series started in 1996. Last year was the record low of the data-series. There was one more weekday and one less Saturday than in May of the previous year which artificially inflated the estimate.



Total Cattle on Feed as of June 1 is 1.7% larger than last year at 10.751 million. That is an increase over the May 1 total that was +1.3% from one year ago.



Allendale projects a 635 million lb. total pork stock level for the end of May. The five-year average is 615 million lbs. Our estimate represents a decrease of 27 million lb. from the previous month. The five-year average month to month change for May is a 24 million lb. decrease. Beef stocks, at 428 million lbs., are under the five-year average of 453. This represents a decrease of 24 million lb. from the previous month. The five-year average change is a 15 million lb. decrease.



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



For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Corn Harvest Reaches 92%, Cotton Harvest Reasches 89% Nationally and Most Wheat Planted  Mon, 09 Dec 2019 20:41:18 CST
  • OSU's Derrel Peel Talks How Beef Exports are Struggling and Imports are Steady so far for 2019  Mon, 09 Dec 2019 20:24:24 CST
  • 75th Annual AFR/OFU State Speech Contest Challenges Oklahoma Youth  Mon, 09 Dec 2019 20:19:46 CST
  • Media Advisory: NCGA Leaders to Call on Washington to Finish the Job on Trade and Ethanol  Mon, 09 Dec 2019 20:14:59 CST
  • Media Advisory: NCGA Leaders to Call on Washington to Finish the Job on Trade and Ethanol  Mon, 09 Dec 2019 20:14:34 CST
  • Conaway Leads 159 Republicans Urging Pelosi to Hold Vote on USMCA  Mon, 09 Dec 2019 20:09:30 CST
  • Slaughter Cows Sold 4.00-700 Lower, Slaughter Bulls Mostly 3.00-8.00 Lower Monday at OKC West  Mon, 09 Dec 2019 20:04:16 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, December 9, 2019  Mon, 09 Dec 2019 19:34:37 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.