Beef Buzz News
Smaller Placements May Be Key Feature of Friday's Cattle on Feed Report
Thu, 19 Jul 2012 05:29:28 CDT
The US Department of Agriculture's July Cattle on Feed numbers wll be released on Friday afternoon after the markets close for the week- and the general expectation is that fewer cattle were sent to the feedlots in the US in June of this year- compared to 2011. Analysts believe that the larger placements of cattle forced off pastures across the midwest because of this summer's drought will be seen in July and perhaps the August Cattle on Feed reports.
Ron Hays Beef Buzzes with Jim Robb of the LMIC on this week's USDA cattle reports.
One market watcher who subscribes to that train of thought is Jim Robb with the Livestock Market Information Center. On today's Beef Buzz, we have his take on both the Cattle on Feed numbers as well as the mid year Cattle Inventory Report that USDA will also issue on Friday afternoon at 2 PM central time. Click on the LISTEN BAR below to hear his analysis about the upcoming USDA cattle reports due out on Friday.
Robb thinks both placements and marketings this past month were well under that of 2011- perhaps as much as six to seven percent less in June 2012 than in June 2011. His prereport guess on the overall number of cattle in the nation's feedlots is just a little above the total number on feed as of July first of last year- he foresees an on feed number that is 1.5 to 1.5 percent higher than July 1, 2011.
Dow Jones has released survey results of 12 analysts who have offered their guesses on the upcoming Cattle on Feed report- with the average pre report guess showing an expectation of just a one percent drop in placements this year versus last, a 6.2% drop in marketings and an on feed total number 2.6% higher than a year ago.
If the pre report expectations are met by the USDA numbers, that would be a reversal of the May placements, which were larger than one year ago in the June USDA 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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