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Beef Buzz News


Latest Cattle On Feed Report Confirms Feedlots are Doing a Good Job of Moving Cattle Through the System

Mon, 28 Jun 2021 09:22:18 CDT

Latest Cattle On Feed Report Confirms Feedlots are Doing a Good Job of Moving Cattle Through the System The latest USDA Cattle on Feed Report could be another indicator of the cattle industry getting closer to being current on moving cattle through the system, said Dr. Derrell Peel, OSU Extension livestock market economist.
The June Cattle on Feed Report showed placements in May were 93.1 percent of year ago and marketings were 123.4 percent of a year ago, Peel said.
The total on feed number is at 100 percent or equal to a year ago, he said.
Peel said both the placements and marketing numbers are being compared to pandemic numbers of a year ago.
However, the on-feed total from a year ago was very similar to 2019.
This tells us we are back to that level now which is one of the important points here, he said.
The OSU economist said we still have several more months of careful comparisons to last year’s pandemic numbers.
Peel said this report confirms feedlots are doing a good job of aggressively moving cattle through the system.
We certainly are seeing some signs in the cash fed cattle market that would suggest we are starting to lift that cap that has been in place, Peel said.
Cattle producers reeling from the drought in the west and northern U.S. are being forced to reduce cow herds and Peel said that could be the reason for higher cow slaughter numbers.
One of the things we always tell producers at this time of year is if you are short of forage than you should wean early and cull early, so some of that elevated cow slaughter may just be cow culling that was going to happen this year anyway, Peel said.
Click on the LISTEN BAR below to hear more of Ron’s interview with Dr. Peel.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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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