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

Jznuary On Feed Report Is Finally Here And Placements Were Lower Than Expected

Tue, 26 Feb 2019 06:10:48 CST

Jznuary On Feed Report Is Finally Here And Placements Were Lower Than Expected
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel analyzes the latest USDA Cattle on Feed report that's the numbers originally due on January18th.

"The latest USDA Cattle on Feed report issued on February 22 was delayed a month because of the federal government shutdown. The report showed December placements at 98 percent of one year earlier and marketings at 99 percent of last year leading to a January 1 on-feed total of 11.69 million head, 101.8 percent of the prior year. It should be remembered that the January 1, 2018 feedlot inventory was large, up 8.3 percent year over year as dry conditions pushed more feeder cattle into feedlots at that time. The modest increase in the January 1, 2019 feedlot inventory is therefore still a rather large number and is the highest inventory for the month since 2012.

"The December 2018 feedlot placements were lower than pre-report expectations issued by analysts in January. However, the report is not likely to have much bullish impact as the information is well out of date at this point. The February Cattle on Feed report is due to be issued on March 8 and the March report on schedule on March 22.

"The latest report does, however, provide some additional information. The report included the quarterly estimates of steer and heifer inventories in feedlots on January 1. Steers on feed were estimated at 7.28 million head, down 0.7 percent from one year ago. This is the first year over year decrease in quarterly steer feedlot inventories since April 2017. Heifer feedlot inventory was 4.41 million head, up 6.2 percent from last year. This is the twelfth consecutive quarter of year over year increases in heifers on feed since January, 2016.

"The long-awaited annual Cattle report will be released on February 28. This report will provide an update on total cattle inventories and a breakdown of cattle inventories by class. The report also provides cattle inventory estimates by state. The report will include an estimate of January 1 feedlot inventory for all feedlots. This contrasts with the January 1 cattle on feed inventory in the monthly report which is for feedlots of one thousand head or larger capacity. On average, the total feedlot inventory in the Cattle report is about 123 percent of the monthly cattle on feed estimate for January 1. Stated another way, the monthly estimate of feedlot inventory for large feedlots (one thousand head and larger) represents about 82 percent of total cattle on feed inventory (including smaller feedlots)."



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Monday Preopening Market Update with Dave Lanning  Mon, 23 Sep 2019 07:17:14 CDT
  • Taiwan Flour Millers Tour Oklahoma Wheat Industry During Trade Mission That Saw the Millers Pledge to Buy 66 Million Bushels of US Wheat   Mon, 23 Sep 2019 06:04:33 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, September 20, 2019  Fri, 20 Sep 2019 15:43:01 CDT
  • Agricultural Grants and Loans Available Through Oklahoma Agriculture Dept., Application Deadline Oct. 1  Fri, 20 Sep 2019 14:46:43 CDT
  • Kim Anderson Advises Producers to Stagger Their Wheat into the Market as Wheat Follows Corn Prices  Fri, 20 Sep 2019 14:44:36 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 20 Sep 2019 13:55:48 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 20 Sep 2019 13:52:45 CDT
  • Secretary Perdue Highlihgts Administrative Actions by Dept. of Labor to Streamline Burdensome H-2A Process  Fri, 20 Sep 2019 11:56:22 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com

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

    WebReady powered by WireReady® Inc.