Drought a Big Factor in Huge Placements in Latest Cattle on Feed Report- OSU's Derrell Peel Dives Into the Numbers with Ron HaysSun, 25 Feb 2018 07:31:08 CST
Placements once again surprised in the latest USDA Cattle on Feed Report. After the USDA released the numbers, Oklahoma State Univesity Extension Livestock Market Economist Dr. Derrell Peel talked with Radio Oklahoma Ag Network Farm Director Ron Hays about the four percent larger placements versus a year ago- and explained that the number USDA came up with was outside the range of pre report guesses- and helped push the On Feed number as of February first to 8% over a year ago at 11.6 million head.
Click on the LISTEN BAR below to listen to Peel and Hays discuss the report and what it means for the cattle business immediately as well as for the balance of 2018.
According to summary of the report as released by USDA- Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on February 1, 2018. The inventory was 8 percent above February 1, 2017.
Placements in feedlots during January totaled 2.07 million head, 4 percent above 2017. Net placements were 2.00 million head. During January, placements of cattle and calves weighing less than 600 pounds were 375,000 head, 600-699 pounds were 450,000 head, 700-799 pounds were 625,000 head, 800-899 pounds were 418,000 head, 900-999 pounds were 115,000 head, and 1,000 pounds and greater were 85,000 head.
Marketings of fed cattle during January totaled 1.86 million head, 6 percent above 2017.
Other disappearance totaled 69,000 head during January, 30 percent above 2017.
Click or tap here to review the complete report as released on Friday afternoon by USDA.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News