KBHB BIG 81
LISTEN LIVE
KBHB Music Vault 6:05pm - 11:59pm
KBHB ON DEMAND
facebook

American Farm Bureau Federation

Cattle on Feed report in line with expectations


News Staff - August 27, 2019

WASHINGTON, DC -  Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.112 million head on August 1, 2019. The inventory was slightly above August 1, 2018 and is the highest August 1 inventory since the series began in 1996. The increase of 0.21% is not too far outside of analysts’ expectations, which anticipated an average year-over-year increase of 0.6% in feedlot inventories.

The inventory included 7.01 million steers and steer calves, down 2% from the previous year. This group accounted for 61% of the total inventory. Heifers and heifer calves accounted for 4.47 million head, up 8% from 2018.

While total inventories are an important component of the report, other key factors include placements (new animals being placed on feed) and marketings (animals being taken off feed and sold for slaughter). June placements typically tend to drop following a higher batch of placements for May. This June, analysts predicted an average 2.1% decrease from the 2018 number, which was actually a large placement number for June relative to history. This expectation was largely driven by lower Agricultural Marketing Services-reported feeder cattle sales, which may be a result of historically good pasture and range conditions combined with higher feeding costs, which incentivizes keeping the animals on pasture longer and placing at higher weights.

Placements in feedlots during July totaled 1.71 million head, 2.3% percent below 2018. Placement weights were  heavier versus a year ago, which is in line with better pasture conditions. Net placements were 1.63 million head. During July, placements of cattle and calves weighing less than 600 pounds were 360,000 head, 600-699 pounds were 260,000 head, 700-799 pounds were 410,000 head, 800-899 pounds were 385,000 head, 900-999 pounds were 200,000 head, and 1,000 pounds and greater were 90,000 head.

Marketings of fed cattle during July totaled 2.00 million head, 7 percent above 2018. Other disappearance totaled 71,000 head during July, 13 percent above 2018.



kbhbradio.com
Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS
.