Allendale Predicts the Largest June Placements in Five Years in Anticipation of Cattle on Feed ReportWed, 19 Jul 2017 09:41:24 CDT
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
WebReadyTM Powered by WireReady® NSI
Top Agricultural News