Agricultural News
Allendale Cattle on Feed and Cold Storage Estimates
Wed, 17 Jun 2020 10:42:36 CDT
Allendale Insider has provided the following for the coming Cattle on Feed and Cold Storage reports.
May placements are expected 0.2% under last year at 2.060 million head. It would be the lowest May placement in four years. It would still make for five months in a row of below last year placements. These five months have placed 10.5% fewer cattle than last year, 1.025 million head. May placements supply a portion of the November through February finished cattle supply. Kansas State University estimates fed cattle breakevens for that time at $108 - $111 per cwt.
Allendale anticipates a Marketing total in May 24.3% under last year at 1.567 million. There were two less weekdays in May 2020 than 2019 but one more Saturday.
Total Cattle on Feed as of June 1 is 1.0% under last year at 11.617 million. This is the lowest June 1 total in two years.
Allendale projects a 580 million lb. total pork stock level for the end of May. The five-year average is 622 million lbs. Our estimate represents a decrease of 35 million lb. from the previous month. It would be the largest May drawdown in five years. The five-year average month to month change for May is a 15 million lb. decrease.
Beef stocks, at 457 million lbs., are over the five-year average of 444. This month's estimate represents a decrease of 33 million lbs. from the previous month. The five-year average for this month is a 19 million lb. decrease.
USDA Cold Storage:
Pork Stocks May 31--Last year, 628.956. Last Month, 614.811. Allendale Estimate: 580.030
Beef Stocks May 31--Last Year, 405.152. Last Month, 489.999. Allendale Estimate: 456.545
Cattle on Feed is estimated as a percentage compared to last year. Cold Storage is reported in million lbs.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
