Beef Buzz News
Latest Cattle on Feed Numbers Slightly Above Year Ago But Feedlots Remain Current with Market Ready Animals
Sat, 26 Feb 2022 03:36:29 CST
No big surprises were seen in the February USDA Cattle on Feed Report released on Friday, February 25, 2022 by NASS. Senior Farm and Ranch Broadcaster Ron Hays talked after the report with Dr. Derrell Peel of Oklahoma State University about the numbers and what they tell us about beef cattle pipeline numbers as we head into the month of March.
Dr. Peel says "I tell you, the pre report estimates exactly matching February One on feed totals that came in 1.3% up from a year ago, placements were 98.6% of a year ago and marketings 96.9% of a year ago- dead on with the pre report guesses."
The OSU economist says that the thing he keeps looking for is for tighter on feed numbers. "the thing I have been looking for really for several months is that fact that sooner or later these cattle on feed numbers have to come down. We have less cattle- the January 1 inventory numbers confirm we have less cattle in the country- you know the estimated feeder supply was down 2.6 percent and yet we have been able to hold these feedlot inventories at or above a year ago."
And he continues "you can do that for awhile- we sorta been pulling cattle ahead- feedlots like to keep their yards as full as possible." Cattle producers have been brining lighter weight yearlings to market off pasture for awhile- and feedyards have gladly bought the cattle for their feedlots- "we can do that for awhile- perhaps another month or two- but we can't all year at this pace and sooner or later it will catch up with us."
He anticipates that in the next couple of Cattle on Feed Reports that we will finally start seeing the on feed number to dip below the numbers seen 12 months earlier in 2021.
Peel says that feedlots are very current right now and that there is no backlog of market ready cattle right now- and he sees no problems with staying current in the immediate future.
Click here for the complete USDA Cattle on Feed report as released by USDA on Friday, February 25th.
Cattle and calves on feed for slaughter market in Oklahoma feedlots with capacity of 1,000 head or more totaled 310 thousand head on February 1, 2022, down 3 percent from a year ago. Producers placed 39 thousand head in commercial feedlots during January, down 5 percent from a year ago. Oklahoma commercial feeders marketed 37 thousand head during January, down 18 percent from 2021. Other disappearance during January totaled 2 thousand head, up 1,000 head from a year ago.
Details of the southern plains cattle on feed report issued on Friday, February 25th can be reviewed by clicking on the PDF link below.
Click on the LISTEN BAR below to hear more from Ron Hays and Derrell Peel about the latest Cattle on Feed Report.
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.
01849_spr-cattle-on-feed-02-2022.pdf
Ron Hays Beef Buzzes on the Cattle on Feed Report with Dr. Derrell Peel
right-click to download mp3
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