Agricultural News
Friday's Cattle on Feed Numbers Called Neutral and In Line with Pre Report Expectations
Sat, 26 Oct 2019 22:44:35 CDT
The Quarterly Cattle on Feed Report includes state level data for the major states as well as smaller on feed states like Oklahoma.
Nationally- Cattle and calves on feedfor the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on October 1, 2019. The inventory was 1 percent below October 1, 2018. The inventory included 6.87 million steers and steer calves, down 3 percent from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.41 million head, up 2 percent from 2018.
Placements in feedlots during September totaled 2.09 million head, 2 percent above 2018. Net placements were 2.03 million head. During September, placements of cattle and calves weighing less than 600 pounds were 420,000 head, 600-699 pounds were 355,000 head, 700-799 pounds were 460,000 head, 800-899 pounds were 475,000 head, 900-999 pounds were 273,000 head, and 1,000 pounds and greater were 110,000 head.
Marketings of fed cattle during September totaled 1.74 million head, 1 percent above 2018.
Analysts, including Texas economist Stan Bevers, reported that the numbers were about what was expected in the pre report estimates- and could be considred neutral for the cattle trade this coming week.
At the state level- Cattle and calves on feed for slaughter market in Oklahoma feedlots with capacity of 1,000 head or more totaled 315 thousand head on October 1, 2019, down 3 percent from a year ago. Producers placed 46 thousand head in commercial feedlots during September, down 16 percent from a year ago. Oklahoma commercial feeders marketed 44 thousand head during September, down 8 percent from 2018. Other disappearance during September totaled 2 thousand head, unchanged from a year ago.
Cattle and calves on feed for slaughter market in Texas feedlots with capacity of 1,000 head or more totaled 2.78 million head on October 1, 2019, up 5 percent from a year ago. Producers placed 455 thousand head in commercial feedlots during September, up 15 percent from a year ago. Texas commercial feeders marketed 390 thousand head during September, down 4 percent from 2018.
On October 1, there were 2.44 million head of cattle and calves on feed in the Northern High Plains, 88 percent of the state's total. The number on feed across the area was up 5 percent from last year and up 1 percent from the September 1 total. September placements in the Northern High Plains totaled 402 thousand head, up 4 percent from the August total. Marketings were down 13 percent from last month at 354 thousand head.
Click on the PDF file at the bottom of this story to see the regional numbers in greater detail from the Austin, Texas regional office of NASS. Click or tap here to see the national report from the USDA website.
04941_spr-cattle-on-feed-10-2019.pdf
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