For the First Time in Months- Placements of Cattle Into Feedlots Are Under a Year AgoFri, 20 Apr 2018 15:02:30 CDT
The April Cattle on Feed Report from the USDA fell exactly into line with what the trade estimates were going into the report. According to the 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 11.7 million head on April 1, 2018. The inventory was 7 percent above April 1, 2017. This is the second highest April 1 inventory since the series began in 1996.
"The inventory included 7.54 million steers and steer calves, up 4 percent from the previous year. This group accounted for 64 percent of the total inventory. Heifers and heifer calves accounted for 4.19 million head, up 14 percent from 2017.
"Placements in feedlots during March totaled 1.92 million head, 9 percent below 2017. Net placements were 1.85 million head. During March, placements of cattle and calves weighing less than 600 pounds were 315,000 head, 600 - 699 pounds were 285,000 head, 700 - 799 pounds were 530,000 head, 800 - 899 pounds were 531,000 head, 900 - 999 pounds were 185,000 head, and 1,000 pounds and greater were 75,000 head.
"Marketings of fed cattle during March tota led 1.84 million head, 4 percent below 2017."
To see the complete report from USDA, click or tap here.
After the report, Radio Oklahoma Ag Network Farm Director Ron Hays talked with OSU Extension Livestock Market Economist Dr. Derrell Peel- who offers his analysis of this report which showed a lower placement number compared to a year earlier for the first time in many months.
Click or tap on the LISTEN BAR below to hear their conversation.
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