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Allendale Shares Their Latest Estimates for Cattle on Feed, Cold Storage and Cattle Inventory Reports

Wed, 25 Jan 2017 11:39:17 CST

Allendale Shares Their Latest Estimates for Cattle on Feed, Cold Storage and Cattle Inventory Reports The following are estimates for this week's Cattle on Feed and Cold Storage reports, calculated by Allendale, Inc.:



December Placements are expected to be 8.1% larger than last year at 1.651 million head. This would be the largest December placement in three years. Finished live cattle prices rose from $112 to $118 during this time. December placements supply the May through September period.



Allendale anticipates a Marketing total 9.2% larger than December 2015 at 1.828 million. This was the largest December marketing in six years. There was a 4% reduction due to the calendar adjustment this month.
Total Cattle on Feed as of January 1 is 1.6% smaller than last year at 10.575 million. That is a decrease from the December 1 total that was +1.4% under one year ago.



Allendale projects a 512 million lb. total pork stock level for the end of December. The five-year average is 528 million lbs. Our estimate represents a decrease of 9 million lb. from the previous month. The five-year average month to month change for December is a 3 million lb. decrease. Beef stocks, at 533 million lbs., are above the five-year average of 464. This represents an increase of 1 million lb. from the previous month. The five-year average shows a 14 million lb. increase for this month.



The bi-annual Cattle report, known unofficially as Cattle Inventory, is a complete breakdown of all cattle in the U.S. as of January 1. The industry uses it to shed light on the long term changes at the cow/calf level, the base producer.



- Beef cow numbers rose between January 1, 2016 and January 1, 2017 as those heifers bred in 2015 gave birth in 2016.


- Liquidation has begun however. Beef cow slaughter in 2016 ran 14% over last year.


Next year's report, as of January 1, 2018, will show a change in the total beef cow herd.




Click here to view charts illustrating this information.




Source - Allendale, Inc.




   

 

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