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 Analysts Estimate On Feed Placements Over 4% Above Last Year Ahead of USDA Report

Fri, 16 Nov 2018 11:37:01 CST

Allendale Analysts Estimate On Feed Placements Over 4% Above Last Year Ahead of USDA Report On Wednesday, November 21st at 11:00 AM CST, the USDA will release the monthly Cattle on Feed and Cold Storage reports. The following are our estimates:



October placements are expected 4.3% over last year at 2.496 million head. This is the largest October placement in eight years. Placements were higher than last year in four of the previous five months. October placements supply a portion of the late May through September finished cattle supply. Kansas State estimates a $75 loss per head on finished cattle last month in October.



Allendale anticipates a Marketing total in October at 3.4% over last year for a total of 1.862 million. This is the largest October marketing in 11 years.



Total Cattle on Feed as of November 1 comes to 5.6% over last year at 11.961 million. That is the largest November 1 total in twelve years and the second largest since the current data series began in 1996.



Allendale projects a 585 million lb. total pork stock level for the end of October. The five-year average is 580 million lbs. Our estimate represents a decrease of 4 million lb. from the previous month. The five-year average month to month change for October is a 27 million lb. decrease.



Beef stocks, at 510 million lbs., are over the five-year average of 474. This month’s estimate represents an increase of 2 million lbs. from the previous month. The five-year average for this month is a 7 million lb. increase.



Source - Allendale, Inc.




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Monday Afternoon Market Wrap-Up with Carson Horn   Mon, 18 Feb 2019 16:16:36 CST
  • Oklahoma Grain Elevator CLOSED MON - Cash Bids As Of 2:00pm Friday, February 15, 2019  Mon, 18 Feb 2019 15:26:14 CST
  • Food Network & Cooking Channel Stars Work With National Pork Board At Food Festival In Miami, FL  Mon, 18 Feb 2019 15:18:28 CST
  • Current Indications Suggest Cull Cow Prices Are Likely To Hold Steady And Follow Patterns This Year  Mon, 18 Feb 2019 14:33:05 CST
  • Secretary of Agriculture Blayne Arthur Seeks First-hand Industry Insight, Plans Statewide Tour  Mon, 18 Feb 2019 13:51:58 CST
  • BI's Dr. Doug Ensley Encourages Producers Take Proactive, Not Reactive Position on Herd Health  Mon, 18 Feb 2019 13:03:27 CST
  • The Untold Story of the US Beef Industry - NCBA's Dr. Sara Place Adds "Upcycling" to the Narrative  Mon, 18 Feb 2019 12:26:47 CST
  • Decades of Service At AFR/OFU End for Terry Detrick- Who Looks Forward to the Next Opportunity Coming Around the Bend to Serve Oklahoma Agriculture  Sun, 17 Feb 2019 20:34:00 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Herbs Herb 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.