From the 2017 Cattle Industry Convention- Ron Hays Talks Cattle Inventory Report with Don Close of Rabo AgriFinanceWed, 01 Feb 2017 05:27:02
USDA released their Cattle Inventory report based on January 1, 2017 on Tuesday afternoon- and right after the report was released, Radio Oklahoma Ag Network Farm Director Ron Hays sat down in the Media Room at the Cattle Industry Convention in Nashville with Don Close, Animal Protein Analyst with Rabo AgriFinance. Don's first reaction was one of surprise that the number of cattle in the US beef herd has continued to expand as quickly as it has- as the rebuilding from the drought of a few years ago continues. Their conversation about the report and how the cattle market may respond here in 2017 can be heard by clicking on the LISTEN BAR below.
As for the report itself- Here are a few quick highlights:
Cattle Inventory Up 2 Percent
All cattle and calves in the United States, as of January 1, 2017, totaled 93.6 million head. This is 2 percent above the 91.9 million head on January 1, 2016.
All cows and heifers that have calved, at 40.6 million head, ar e 3 percent above the 39.5 million head on January 1, 2016. Beef cows, at 31.2 million head, are up 3 percent from a year ago. Milk cows, at 9.35 million head, are up slightly from the previous year.
All heifers 500 pounds and over, as of January 1, 2017, totaled 20.1 million head. This is 1 percent above the 19.9 million head on January 1, 2016. Beef replacement heifers, at 6.42 million head, are up 1 percent from a year ago
The 2016 calf crop in the United States was estimated at 35.1 million head, up 3 percent from last year's calf crop. Calves born during the first half of 2016 were estimated at 25.6 million head. This is up 4 percent from the first half of 2015. Calves born during the second half of 2016 were estima ted at 9.53 million head, 27 percent of the total 2016 calf crop.
The top cattle states (using all cattle and calves numbers) include Texas with 12.3 million, Nebraska with 6.45 million, Kansas with 6.4 million, California with 5.15 million and Oklahoma with 5 million. With the large number of milk cows in California (1.775 million), Oklahoma is the fourth largest beef state in the US.
In Beef Cow numbers, Texas is the number one beef cow state with four percent larger numbers than a year ago at 4.46 million head- Oklahoma is number two in beef cows with 2.095 million head- up nine percent from a year ago and Missouri ranks third in beef cow numbers, up eight percent from a year ago at 2.052 million head.
Ron Hays talks about latest cattle numbers from USDA with Don Close at CIC in Nashville
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