Beef Buzz News
Cattle on Feed Numbers Six Percent Under February 1, 2012
Mon, 25 Feb 2013 07:15:06 CST
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.2 million head on January 1, 2013. The inventory was 6 percent below January 1, 2012. The inventory included 7.05 million steers and steer calves, down 3 percent from the previous year. This group accounted for 63 percent of the total inventory. Heifers and heifer calves accounted for 4.07 million head, down 9 percent from 2012.
Placements in feedlots during December totaled 1.66 million, 1 percent below 2011. Net placements were 1.59 million head. During December, placements of cattle and calves weighing less than 600 pounds were 495,000, 600-699 pounds were 415,000, 700-799 pounds were 379,000, and 800 pounds and greater were 375,000.
Marketings of fed cattle during December totaled 1.75 million, 2 percent below 2011. Click here for the complete report from USDA.
Tom Leffler with Leffler Commodities calls this report neutral to slightly bearish- based on slightly bigger placements than what the trade was expecting before the numbers were released. An offsetting factor were the marketings- as they came in at six percent above a year ago- which was at the high end of expectations.
Leffler is our guest on the Monday Beef Buzz as he dissects the numbers that the USDA released Friday afternoon.
Ron Hays Beef Buzzes with Tom Leffler about the February Cattle on Feed Report
right-click to download mp3
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