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Your Update from Ron Hays of RON
Friday, July 24, 2020
Derrell Peel and Katelyn McCullock Preview Cattle on Feed And Cattle Inventory Reports
Uncertainty Surrounds July 24 Cattle on Feed And Cattle Inventory ReportsPreviewing the USDA monthly Cattle on Feed and the twice-a-year Cattle Inventory reports ahead of the July 24 release, Dr. Derrell Peel, OSU Extension livestock market economist, said there is a lot of uncertainty surrounding the reports and interpreting the numbers will take some deeper analysis.

I think we are getting back to normal, but we still have a lot of cattle on feed delayed in marketing, over 120 to 150 days, Peel said.
"We’re beginning to chip away at the backlog, which is estimated at around 100,000 head."

From January through May the total placements were down about one million head from a year ago, he said.

On the midyear cattle inventory report- Katelyn McCullock , director and senior agricultural economist for the Livestock Marketing Information Center says abnormal times might mask reality.

Normally if beef cow slaughter is up, we would expect the beef cow herd number to be smaller, she said.

I am expecting the beef cow herd to be slightly smaller than a year ago but because of market disruptions and other factors the July 1 number could be “hiding” some of what’s actually going on, added McCullock.
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