Agricultural News
Allendale Predicts Largest April Placements in Six Years to be Revealed in May Cattle on Feed Report
Tue, 23 May 2017 09:53:59 CDT
On Friday, May 26th at 2:00 PM CDT, the USDA will release the monthly Cattle on Feed Report. The following are estimates generated by Allendale, Inc. for that report:
March Placements are expected to be 4.6% larger than last year at 1.741 million head. This would be the largest April placement in six years. Cattle feeders are responding to the $126 to $135 rally from the end of March to the end of April. April placements supply the October through January slaughter period.
Allendale anticipates a Marketing total 1.3% larger than April 2016 at 1.922 million. This was the largest April marketing in three years. There was a downward calendar based adjustment this month.
Total Cattle on Feed as of May 1 is 0.2% under last year at 10.765 million. This is lower than the 0.5% year over year increase from April 1.
Here's a summary of Allendale's estimates for the upcoming Cattle on Feed report:
On Feed May 1 99.8
Placements 104.6
Marketings 101.3
Source - Allendale, Inc.
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