Beef Buzz News
Surprise! Derrell Peel Says Feedlot Numbers Well Above Pre Report Expectations in Latest Cattle on Feed Report
Sun, 24 Apr 2022 19:40:45 CDT
It was a Cattle on Feed Report with a surprise number- a very big surprise number. Oklahoma State University's Dr. Derrell Peel says he is not sure where the cattle came from that were placed into the nation's feedlots last month- with the March Placements unchanged from a year ago- well above the pre report guesses. Peel offered his reaction to the report on Friday afternoon to Oklahoma Farm Report's Ron Hays.
As for the on feed number- Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.1 million head on April 1, 2022. The inventory was 2% above April 1, 2021. This is the highest April 1 inventory since the series began in 1996, USDA NASS reported on Friday.
Placements in feedlots during March totaled 1.99 million head, slightly below 2021. Net placements were 1.94 million head. During March, placements of cattle and calves weighing less than 600 pounds were 375,000 head, 600-699 pounds were 330,000 head, 700-799 pounds were 530,000 head, 800-899 pounds were 515,000 head, 900-999 pounds were 180,000 head, and 1,000 pounds and greater were 60,000 head.
Marketings of fed cattle during March totaled 2.00 million head, 2% below 2021.
Clearly, this report was all about the placements. Dr Peel called it a big surprise- "The average expectations going into this was for placements to be about 8% under year over year- even the upper end of the expectations of the list of analysts that I've seen does not come close to this placement number- somehow feedlots found a lot more cattle to place in the month of March than anybody expected.
One possibility that Peel raises is that some larger ranches in places like Nebraska have sent cattle from their operations straight to feedlots without going through the auction markets. Nebraska placements were up 8% versus a year ago.
One breakdown that is in this moth's report is steer and heifer slaughter- and Dr. Peel says that the heifer slaughter number continues to run high- and may reflect movement of what were being called replacement heifers at the start of the year over into the feedlots- suggesting smaler beef cow herd numbers by the end of 2022.
To view the March Cattle on Feed Report- Click here.
Listen to part one of Ron and Dr. Peel's conversation by clicking on the Listen Bar of this story.
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.
Ron Hays Beef Buzzes with Derrell Peel on the Latest Cattle on Feed
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Beef News
Cattle on Feed Report Shows Biggest May First Inventory Since 1996- Drought Pushing Cattle Into Feedlots Sat, 21 May 2022 15:01:06 CDT
Lance Zimmerman with Cattlefax Offers Cow Calf Producers Strategies for Success Fri, 20 May 2022 08:44:10 CDT
Kent Bacus says NCBA is Committed to Promoting Trade to Benefit US Cattle Producers Thu, 19 May 2022 09:54:10 CDT
John Butler with the Beef Marketing Group Communicates to Consumers that the Beef Industry is Sustainable Wed, 18 May 2022 09:46:15 CDT
John Butler with Beef Marketing Group Aims to See All Segments of the Beef Industry Working Together Tue, 17 May 2022 09:44:42 CDT
Fewer Pounds of Beef Coming in the Beef Pipeline Mon, 16 May 2022 09:02:35 CDT
NCBA's Colin Woodall Gives Credit to Cattle Producers for Always Being Sustainable Fri, 13 May 2022 11:08:03 CDT
Dakota Moss Describes Benefits of Utilizing an LRP Program for Cattle Producers Thu, 12 May 2022 09:53:54 CDT
Historically Poor Pasture Conditions to Hit Beef Supplies Ahead Wed, 11 May 2022 11:31:21 CDT
Six Years After Repeal, Senator John Thune Still Wants Mandatory Country of Origin Labeling Tue, 10 May 2022 09:39:50 CDT
USMEF's Erin Borror Suspects Increased Herd Liquidation May Lead to Tighter Supplies in the Future Mon, 09 May 2022 12:29:27 CDT
USMEF's Erin Borror Sees Growth in US Beef Exports for the Remainder of 2022 Fri, 06 May 2022 10:13:22 CDT
NCBA's Ethan Lane Hopes to Ensure Risk Management Tools Are Available for all Sectors of Cattle Production Thu, 05 May 2022 10:37:28 CDT
NCBA's Ethan Lane Believes Grassley-Fischer Bill Wil Not Accomplish What the Authors Are Intending Wed, 04 May 2022 09:18:44 CDT
Dr. Stephen Koontz says Mandated Cash Cattle Trade Will Cost Cow-Calf Producers Tue, 03 May 2022 17:30:26 CDT
NCBA Concerned with the Biden Admin's Plan to Publish their own WOTUS Rule Ahead of the Supreme Court Mon, 02 May 2022 09:03:33 CDT
NCBA's Mary Thomas Hart says U.S. Agriculture Needs a Clear Definition of WOTUS Sun, 01 May 2022 20:37:57 CDT
Don Schiefelbein tells U.S. House Ag Committee that Freedom to Market Matters Thu, 28 Apr 2022 11:20:51 CDT
President-Elect of KLA, Shawn Tiffany, asks Congress not to Limit the use of AMA's Wed, 27 Apr 2022 09:48:23 CDT
OSU's Derrell Peel Says We Could See at Least a 3-4% Decrease in the Beef Cow Herd in 2022 Tue, 26 Apr 2022 06:49:14 CDT
Surprise! Derrell Peel Says Feedlot Numbers Well Above Pre Report Expectations in Latest Cattle on Feed Report Sun, 24 Apr 2022 19:40:48 CDT
Dr. Bart Fischer Says Government-Mandated Cash Cattle Trade Could Reduce Prices to Cow-Calf Producers Fri, 22 Apr 2022 11:00:33 CDT
Cattle Producers Can Strategically Utilize the LRP Program to Secure Profit Thu, 21 Apr 2022 06:49:26 CDT
Dakota Moss Says Cattle Producers Can Benefit from Utilizing a LRP Program Wed, 20 Apr 2022 09:46:06 CDT
Dr. Rosslyn Biggs: Keep an Eye Out for Dust Pneumonia in Cattle During Dry Conditions Tue, 19 Apr 2022 07:53:43 CDT
Andy Holloway on Upcoming Annual Hemphill County Beef Conference Tue, 19 Apr 2022 07:46:21 CDT
USMEF Still Combatting Covid in Today's Global Market, Says Dan Halstrom Fri, 15 Apr 2022 12:29:37 CDT
Dan Halstrom with USMEF Sees 2022 Off to a Promising Start Thu, 14 Apr 2022 13:12:39 CDT
OSU's Derrell Peel Predicts Tighter Cattle Supplies Going Forward in the Drought Wed, 13 Apr 2022 08:26:27 CDT
K-State Researcher Sees Industrial Hemp as Stress Reducer for Cattle Tue, 12 Apr 2022 15:29:42 CDT
Oklahoma Cattlewomen's Beef Advocacy Contest for Youth Winner, Morley Griffith Tue, 12 Apr 2022 15:28:27 CDT
Virtual Fencing and the Advantages for Rotational Grazing with Jimmy Emmons Fri, 08 Apr 2022 08:04:21 CDT
Jimmy Emmons Talks on the Benefits of Starting Down the Road to Soil Health Thu, 07 Apr 2022 13:27:11 CDT
Jimmy Emmons Tells Ranchers to Be Proactive During Dry Times by Prioritizing Grazing Management Wed, 06 Apr 2022 08:42:08 CDT
Latest USDA Prospective Plantings Points to Lower Feeder Cattle Prices Ahead Tue, 05 Apr 2022 11:48:14 CDT
