Placements Surprise- Ron Hays and Derrell Peel Dissect the May 2016 Cattle on Feed ReportFri, 20 May 2016 15:17:33 CDT
The USDA Cattle on Feed Report is out- and the on feed number and the placements number were both higher than what the early trade estimates were suggesting. According to the USDA, Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on May 1, 2016. The inventory was 1 percent above May 1, 2015.
Placements in feedlots during April totaled 1.66 million head, 7 percent above 2015. Net placements were 1.59 million head. During April, placements of cattle and calves weighing less than 600 pounds were 334,000 head, 600 - 699 pounds were 225,000 head, 700 -799 pounds were 390,000 head, and 800 pounds and greater were 715,000 head.
Marketings of fed cattle during April totaled 1.66 million head, 1 percent above 2015
Radio Oklahoma Ag Network Farm Director Ron Hays talked on Friday afternoon with OSU Extension Livestock Market Economist Dr. Derrell Peel about the numbers- and how he thinks they may resonate in all segments of the business going forward over the balance of 2016.
You can hear their conversation by clicking on the LISTEN BAR below.
Click here to review the complete report from the NASS website of USDA.
Ron Hays talks with Derrell Peel about the USDA Cattle on Feed Report Released May 20, 2016
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