Agricultural News
Cattle on Feed and Cattle Inventory Reports Both Line Up With Pre Report Expectations- So Says Dr. Derrell Peel
Sat, 25 Jul 2020 16:02:07 CDT
On Friday, USDA released a monthly US Cattle on Feed Report, aquarterly Cattle on Feed numbers as well as the mid year Cattle Inventory Report.
The monthly On Feed Report showed Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.4 million head on July 1, 2020. The inventory was slightly below July 1, 2019. This is the second highest July 1 inventory since the series began in 1996. The inventory included 7.03 million steers and steer calves, up slightly from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.41 million head, down 1 percent from 2019.
Placements in feedlots during June totaled 1.80 million head, 2 percent above 2019. Net placements were 1.74 million head. During June, placements of cattle and calves weighing less than 600 pounds were 430,000 head, 600-699 pounds were 310,000 head, 700-799 pounds were 360,000 head, 800-899 pounds were 413,000 head, 900-999 pounds were 200,000 head, and 1,000 pounds and greater were 85,000 head.
Marketings of fed cattle during June totaled 1.97 million head, 1 percent above 2019. Other disappearancetotaled 62,000 head during June, 6 percent below 2019.
The quarterly numbers showed Cattle and calves on feed for slaughter market in the United States for all feedlots totaled 13.6 million head on July 1, 2020. The inventory was unchanged from the July 1, 2019 total of 13.6 million head.
Cattle on feed in feedlots with capacity of 1,000 or more head accounted for 84 percent of the total cattle on feed on July 1, 2020, down slightly from the previous year.
Click here for the complete USDA Cattle on Feed Report as released July 24, 2020.
As for the midyear Inventory report- All cattle and calves in the United States on July 1, 2020 totaled 103 million head, slightly above the 103 million head on July 1, 2019. All cows and heifers that have calved totaled 41.4 million head, slightly below the 41.6million head on July 1, 2019. Beef cows, at 32.1 million head, down 1 percent from a year ago. Milk cows, at 9.35million head, up 1 percent from previous year.
All heifers 500 pounds and overon July 1, 2020 totaled 16.5million head, 1 percent above the 16.4 million head on July 1, 2019. Beef replacement heifers, at 4.40 million head, are unchanged from a year ago. Milk replacement heifers, at 4.10 million head, unchanged from previous year. Other heifers, at 8.00 million head, 1percent above a year earlier.
Steers 500 pounds and over on July 1, 2020 totaled 15.0 million head, up 2percent from July 1, 2019. Bulls 500 pounds and over on July 1, 2020 totaled 2.10 million head, unchanged from previous year.
Calves under 500 poundson July 1, 2020 totaled 28.0 million head, down slightly from a year earlier.
Click here for the July 2020 Mid Year Cattle Inventory report.
After the reports, Radio Oklahoma Ag Network Farm Director Ron Hays talked with OSU Extension Livestock Market Economist Dr. Derrell Peel to get his reaction from these latest statistics. Dr. Peel says that for both reports that the numbers "very well anticipated" and that he sees nothing earth shaking for either the midyear cattle inventory report or for the Cattle on Feed Report. Listen to Dr. Peel's in depth look at both reports by clicking on the LISTEN BAR below.
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