Ron Hays and Derrell Peel Dissect the August 2020 Cattle on Feed ReportSun, 23 Aug 2020 14:06:19 CDT
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on August 1, 2020. The inventory was 2 percent above August 1, 2019. This is the highest August 1 inventory since the series began in 1996.
Placements in feedlots during July totaled 1.89 million head, 11 percent above 2019. Net placements were 1.84 million head. During July, placements of cattle and calves weighing less than 600 pounds were 420,000 head, 600-699 pounds were 315,000 head, 700-799 pounds were 435,000 head, 800-899 pounds were 458,000 head, 900-999 pounds were 195,000 head, and 1,000 pounds and greater were 70,000 head.
The placement number was well above any of the pre report guesses for he August report- Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says it was a surprising number- but if you step back and look at the last few months of placements- it is not really all that out of line. "If you look at the last four months, placements are actually down" adding "some of this is actually smoothjing out the dynamics- placements for the last four months are down 2.7%, even with this August number."
Marketings of fed cattle during July totaled 1.99 million head, 1 percent below 2019.
Other disappearance totaled 57,000 head during July, 20 percent below 2019.
After the report was released, Radio Oklahoma Ag Network Farm Director Ron Hays talked with Derrell Peel about the August 2020 report- and you can hear their conversation by clicking on the LISTEN BAR below.
To view the complete report- click or tap here to find it on the USDA website.
Ron Hays talks with OSU's Dr. Derrell Peel about the latest Cattle on Feed Report
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