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


Agricultural News

Allendale, Inc. Estimates a Decline in December Placements for Upcoming Cattle on Feed Report

Mon, 22 Jan 2018 11:38:27 CST

Allendale, Inc. Estimates a Decline in December Placements for Upcoming Cattle on Feed Report The folloing are our estimates for the coming Cattle on Feed and Cold Storage reports. As of this writing, it is unclear if the government shutdown will impact the scheduled release.

December Placements are expected 3.9% under last year at 1.715 million head. The year over year decline in December is noteworthy as it stops the 10.2% to 13.9% year over year increases in the three previous months. Profitability concerns have been recognized. Finished cattle from December through March are estimated with a $123 breakeven according to Kansas State University. This increases to $126 and $129 for April and May. December placements supply the May through August slaughter period.

Allendale anticipates a Marketing total in December at 1.5% under last year for a total of 1.750 million. This would be the second largest December in six years. There was one more weekday in December 2017 than December 2016. Actual marketings, at 2.9% over last year, were therefore revised down to 1.5% under last year for this report.

Total Cattle on Feed as of January 1 is 7.6% over last year at 11.415 million. This is the largest January 1 total in six years.

Allendale projects a 475 million lb. total pork stock level for the end of December. The five-year average is 526 million lbs. Our estimate represents a decrease of 30 million lb. from the previous month. The five-year average month to month change for December is a 9 million lb. decrease. Beef stocks, at 503 million lbs., are over the five-year average of 486. This month's estimate represents an increase of 16 million lbs. from the previous month. The five-year average shows a 19 million lb. increase for this month.

Source - Allendale, Inc.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, January 18, 2019  Fri, 18 Jan 2019 14:57:27 CST
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 18 Jan 2019 14:35:02 CST
  • Activist Watchdog Hannah Thompson-Weeman Exposes Extremists' Strategies, How to Fight Them  Fri, 18 Jan 2019 14:17:23 CST
  • Oklahoma House of Representatives Completes Bill Filing Process for the 2019 Legislative Session  Fri, 18 Jan 2019 12:41:05 CST
  • Peterson Welcomes New and Returning House Agriculture Committee Members for 116th Congress  Fri, 18 Jan 2019 12:31:23 CST
  • Farm Bureau Ready to Work with Rep. Zoe Lofgren, New Chair of House Immigration Subcommittee  Fri, 18 Jan 2019 11:44:56 CST
  • TTU Researcher, Administrator Eric Hequet Receives National Cotton Genetics Research Award  Fri, 18 Jan 2019 11:19:45 CST
  • As Rates Tick Up, Growth in Operating Loans Boosts Farm Lending - According to Federal Reserve  Fri, 18 Jan 2019 10:45:50 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

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

    WebReady powered by WireReady® Inc.