Beef Buzz News
Latest Feedlot Numbers Remain Five Percent Above Year Ago Levels
Mon, 24 Oct 2011 07:39:26 CDT
The latest Cattle on Feed Numbers were out on Friday afternoon, October 21, 2011 and they show Cattle on Feed up 5 percent from year ago levels. We saw the second largest October On-Feed numbers since 1996. According to Tom Leffler of Leffler Commodities, the latest USDA numbers should not have a big influence on the market Monday morning, but the report is looked on as slightly bearish. You can hear Tom's analysis of the latest Cattle on Feed report on today's Beef Buzz- simply click on the LISTEN BAR below.
Ron Hays Beef Buzzes with Tom Leffler on the Friday Cattle on Feed Report
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on October 1, 2011. The inventory was 5 percent above October 1, 2010. This is the second highest October 1 inventory since the series began in 1996. The inventory included 6.95 million steers and steer calves, up 5 percent from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.32 million head, up 5 percent from 2010.
Placements in feedlots during September totaled 2.47 million, slightly above 2010. Net placements were 2.40 million head. During September, placements of cattle and calves weighing less than 600 pounds were 685,000, 600-699 pounds were 415,000, 700-799 pounds were 504,000, and 800 pounds and greater were 865,000.
Marketings of fed cattle during September totaled 1.81 million, 1 percent above 2010. Other disappearance totaled 74,000 during September, 37 percent above 2010.
You can see a complete breakdown of the numbers at the following link: USDA's October first Cattle on Feed Report.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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