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Agricultural News


Allendale Predicts the Largest June Placements in Five Years in Anticipation of Cattle on Feed Report

Wed, 19 Jul 2017 09:41:24 CDT

Allendale Predicts the Largest June Placements in Five Years in Anticipation of Cattle on Feed Report The following are our estimates for the coming Cattle on Feed and Cold Storage reports:



June Placements are expected to be 6.4% larger than last year at 1.623 million head. This would be the largest June placement in five years. June placements supply the December through March slaughter period.



Allendale anticipates a Marketing total 4.5% larger than June 2016 at 1.998 million. This was the largest June marketing in six years. This was no calendar adjustment this month.
Total Cattle on Feed as of July 1 is 3.0% over last year at 10.666 million. This is the largest July 1 total in five years.




Allendale projects a 541 million lb. total pork stock level for the end of June. The five-year average is 583 million lbs. Our estimate represents a decrease of 51 million lb. from the previous month. The five-year average month to month change for June is a 45 million lb. decrease. Beef stocks, at 393 million lbs., are under the five-year average of 449. This month's estimate represents a decrease of 13million lbs. from the previous month. The five-year average shows a 9 million lb. drawdown for this month.



Source - Allendale





   

 

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