Cattle on Feed report blows past expectations, adding to market strength

News StaffNovember 21, 2022Agriculture News

STURGIS, SD – Friday’s (Nov. 18) Cattle on Feed report exceeded expectations across the board.  Total on-feed and placement numbers were two percent lower.  But the big surprise were placements, down 6% at 2.11 million head, the lowest placement figure the COF report has seen for October since the series began in 1996. Add the 1,802,000 head of cattle marketed in October, a 1% increase, and it all points to a higher cash cattle market.

Of the four major feeding states, Nebraska placed the most in October, placing 590,000 head, which was 6% less than what was placed a year ago. Texas was second with the most placements at 440,000 head, which was down 14% from a year ago. Kansas came in with the third most placements at 420,000 head, which was 3% less than a year ago. And Colorado came in fourth with 175,000 head of placements, which was 5% less than a year ago.

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on November 1, 2022. The inventory was 2 percent below November 1, 2021.

Placements in feedlots during October totaled 2.11 million head, 6 percent below 2021. Placements were the lowest for October since the series began in 1996. Net placements were 2.05 million head.

During October, placements of cattle and calves weighing less than 600 pounds were 545,000 head, 600-699 pounds were 465,000 head, 700-799 pounds were 450,000 head, 800-899 pounds were 378,000 head, 900-999 pounds were 190,000 head, and 1,000 pounds and greater were 80,000 head.

Marketings of fed cattle during October totaled 1.80 million head, 1 percent above 2021. Other disappearance totaled 54,000 head during October, 5 percent below 2021.

COLORADO: The number of cattle and calves on feed for the slaughter market in Colorado feedlots with a capacity of 1,000 head or larger was estimated at 1.07 million head as of November 1, 2022. The latest inventory was unchanged from last month and 7 percent below the November 1, 2021 inventory.

Cattle feeders with 1,000 head or larger capacity marketed an estimated 170,000 head of fed cattle during October 2022. This was up 3 percent from last month’s marketings and up 6 percent from the marketings one year earlier.

An estimated 175,000 cattle and calves were placed on feed during October 2022, down 17 percent from the previous month’s placements and 5 percent below the October 2021 placements. Of the number placed in October, 20 percent weighed less than 600 pounds, 20 percent weighed from 600 to 699 pounds, 20 percent weighed from 700 to 799 pounds, 23 percent weighed 800 to 899 pounds, and 17 percent weighed 900 pounds and greater.

Other disappearance for October, at 5,000 head, was the same as last month and last year.

MINNESOTA: Cattle and calves on feed for the slaughter market in Minnesota feedlots with a capacity of 1,000 or more head totaled 95,000 head on November 1, 2022, according to the latest USDA, National Agricultural Statistics Service — Cattle on Feed report. This was up 12 percent from October but down 10 percent from November 1, 2021.

Placements of cattle and calves in Minnesota feedlots with a capacity of 1,000 or more head during October totaled 24,000 head, up 71 percent from September but down 17 percent from last year.

Marketings of fed cattle from Minnesota feedlots with a capacity of 1,000 or more head during October totaled 13,000 head, down 28 percent from September but unchanged from last year.

Other disappearance totaled 1,000 head.

IOWA: Note: This report is a combination of estimates from the USDA Cattle on Feed survey for Iowa feedlots with a capacity of1,000 or more head and the Iowa Department of Agriculture and Land Stewardship-funded Cattle on Feed survey for Iowa feedlots with a capacity of less than 1,000 head.

Cattle and calves on feed for the slaughter market in Iowa feedlots with a capacity of 1,000 or more head totaled 620,000 head on November 1, 2022. This was up 3 percent from October and up 2 percent from November 1, 2021. Iowa feedlots with a capacity of less than 1,000 head had 485,000 head on feed, up 4 percent from last month but down 7 percent from last year. Cattle and calves on feed for the slaughter market in all Iowa feedlots totaled 1,105,000 head, up 4 percent from last month but down 2 percent from last year.

Placements of cattle and calves in Iowa feedlots with a capacity of 1,000 or more head during October 2022 totaled 103,000 head, up 21 percent from September but down 10 percent from October 2021. Feedlots with a capacity of less than 1,000 head placed 67,000 head, up 52 percent from September but down 13 percent from October 2021.

Placements for all feedlots in Iowa totaled 170,000 head, up 32 percent from September but down 11 percent from October 2021.

Marketings of fed cattle from Iowa feedlots with a capacity of 1,000 or more head during October 2022 totaled 81,000 head, up 11 percent from September but down 21 percent from October 2021.

Feedlots with a capacity of less than 1,000 head marketed 45,000 head, down 21 percent from September but unchanged from October 2021. Marketings for all feedlots in Iowa were 126,000 head, down 3 percent from September and down 15 percent from October 2021.

Other disappearance from all feedlots in Iowa totaled 4,000 head.

NEBRASKA: Nebraska feedlots, with capacities of 1,000 or more head, contained 2.60 million cattle on feed on November 1, according to the USDA’s National Agricultural Statistics Service. This inventory was up 2% from last year.

Placements during October totaled 590,000 head, down 6% from 2021.

Fed cattle marketings for the month of October totaled 450,000 head, up 3% from last year.

Other disappearance during October totaled 10,000 head, unchanged from last year.

KANSAS: Kansas feedlots, with capacities of 1,000 or more head, contained 2.34 million cattle on feed on November 1, according to the USDA’s National Agricultural Statistics Service. This inventory was down 7% from last year.

Placements during October totaled 420,000 head, down 3% from 2021.

Fed cattle marketings for the month of October totaled 430,000 head, down 3% from last year.

Other disappearance during October totaled 10,000 head, unchanged from last year

OKLAHOMA / TEXAS: *Note: This report contains results from the November 2022 Cattle on Feed Survey collected during the first two weeks of November. Data provided by Oklahoma and Texas producers are the foundation of the estimates made for the Southern Plains region.

Cattle and calves on feed for slaughter market in Texas feedlots with capacity of 1,000 head or more totaled 2.86 million head on November 1, 2022, up slightly from a year ago.

Producers placed 440 thousand head in commercial feedlots during October, down 14 percent from a year ago.

Texas commercial feeders marketed 390 thousand head during October, up 4 percent from 2021.

On November 1, there were 2.54 million head of cattle and calves on feed in the Northern High Plains, 89 percent of the state’s total. The number on feed across the area was unchanged from last year but up 2 percent from the October 1 total.

October placements in the Northern High Plains totaled 405 thousand head, up 11 percent from the September total. Marketings were unchanged from last month at 357 thousand head.

Cattle and calves on feed for slaughter market in Oklahoma feedlots with capacity of 1,000 head or more totaled 290 thousand head on November 1, 2022, down 3 percent from a year ago.

Producers placed 44 thousand head in commercial feedlots during October, down 10 percent from a year ago.

Oklahoma commercial feeders marketed 38 thousand head during October, down 12 percent from 2021.

Other disappearance during October totaled 1 thousand head, unchanged from a year ago.