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Agricultural News

Final Cattle on Feed Report of 2019 Shows 12 Million Head in US Feedlots- Placements Above Expectations

Sun, 22 Dec 2019 09:46:35 CST

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on Dec. 1, 2019. The inventory was 2% above Dec. 1, 2018, USDA NASS reported on Friday.


Placements in feedlots during November totaled 2.09 million head, 5% above 2018. Net placements were 2.03 million head. During November, placements of cattle and calves weighing less than 600 pounds were 620,000 head, 600-699 pounds were 500,000 head, 700-799 pounds were 423,000 head, 800-899 pounds were 310,000 head, 900-999 pounds were 130,000 head, and 1,000 pounds and greater were 110,000 head.


Marketings of fed cattle during November totaled 1.81 million head, 3% below 2018.


The report came out about in line with the on feed average estimates ahead of the report- Bloomberg showed pre report On Feed estimates 101.9% of a year ago. Placements were well above the pre report guess of 101.2% while the marketings pre report guess was 97.4%- versus the 97% marketing number in the actual report.


Analysts speculate that the Monday Live Cattle Futures could be pressured by the larger than expected Placement number.


Other disappearance totaled 65,000 head during November, 19% below 2018.


In the southern plains- Cattle and calves on feed for slaughter market in Texas feedlots with capacity of 1,000 head or more totaled 2.93 million head on December 1, 2019, up 9 percent from a year ago. Producers placed 465 thousand head in commercial feedlots during November, up 3 percent from a year ago. Texas commercial feeders marketed
390 thousand head during November, down 9 percent from 2018.


Cattle and calves on feed for slaughter market in Oklahoma feedlots with capacity of 1,000 head or more totaled 325 thousand head on December 1, 2019, unchanged from a year ago. Producers placed 58 thousand head in commercial feedlots during November, up 12 percent from a year ago. Oklahoma commercial feeders marketed 57 thousand head during November, up 14 percent from 2018. Other disappearance during November totaled 1 thousand head, down 1,000 head from a year ago.


Click or tap here to view the complete national report. Click on the PDF link at the bottom of this story for the southern plains report details from NASS.




   

04706_spr-cattle-on-feed-12-2019.pdf
   

 

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