May Cattle on Feed Numbers About as Expected by Cattle TradeFri, 21 May 2010 14:52:25 CDT
The latest Cattle on Feed Numbers are out on Friday afternoon, May 21, 2010 and the figures released by USDA are largely what the cattle market watchers were expecting.
USDA says at the top of the report that:
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.5 million head on May 1, 2010. The inventory was 3 percent below May 1, 2009.
Placements in feedlots during April totaled 1.63 million, 2 percent above 2009. Net placements were 1.54 million head. During April, placements of cattle and calves weighing less than 600 pounds were 365,000, 600-699 pounds were 300,000, 700-799 pounds were 469,000, and 800 pounds and greater were 495,000.
Marketings of fed cattle during April totaled 1.85 million, 1 percent below 2009. Other disappearance totaled 89,000 during April, 29 percent above 2009.
Click here for the full USDA report of May First, 2010 Cattle on Feed
Director of Farm Programming Ron Hays spoke with Rich Nelson, Director of Research for Allendale- and he offers his thoughts about these numbers released by the USDA on Friday afternoon. Click on the Listen Bar below to hear their conversation.
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