Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


USDA's April 1 Cattle on Feed Report Congruent with Industry Expectations- LMIC's Jim Robb Reacts

Fri, 25 May 2018 14:44:50 CDT

USDA's April 1 Cattle on Feed Report Congruent with Industry Expectations- LMIC's Jim Robb Reacts The USDA issued an early release of its monthly Cattle on Feed report for April 2018, Friday morning. The major highlights of that report follow. Radio Oklahoma Ag Network Associate Farm Director Carson Horn reached out to Jim Robb of the Livestock Marketing Information Center out of Denver, Colorado for his initial reaction to this report. According to him, this report fell very much in-line with industry expectations.


Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on May 1, 2018. The inventory was 5 percent above May 1, 2017. This is the second highest May 1 inventory since the series began in 1996.


Placements in feedlots during April totaled 1.70 million head, 8 percent below 2017. Net placements were 1.63 million head. During April, placements of cattle and calves weighing less than 600 pounds were 320,000 head, 600-699 pounds
were 230,000 head, 700-799 pounds were 415,000 head, 800-899 pounds were 445,000 head, 900-999 pounds were 205,000 head, and 1,000 pounds and greater were 80,000 head.


Marketings of fed cattle during April totaled 1.80 million head, 6 percent above 2017.


"Importantly, the on feed inventory was up five percent from a year ago, that's still a big number but we've whittled down this on feed inventory very significantly since the first of the year," Robb said. "We started the year with more than eight percent year-over-year increase and now we're down to five percent and we think this trend will hold for the next few months of declining on feed inventory, and continue to dampen placements."


You can listen to Robb deliver more insights into this report, with Horn, by clicking or tapping the LISTEN BAR below.



   




   

Listen to Jim Robb of the LMIC offer his analysis of this month's USDA Cattle on Feed report with Horn
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Farm Bureau President Rodd Moesel Speaks Out Against Upcoming State Question 788  Wed, 20 Jun 2018 15:56:36 CDT
  • CME Group Ag Futures, Options Surpass 10 Million Contracts Open Interest, Reach All-Time Record  Wed, 20 Jun 2018 15:19:09 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, June 20, 2018  Wed, 20 Jun 2018 15:11:40 CDT
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 20 Jun 2018 13:55:06 CDT
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 20 Jun 2018 13:50:37 CDT
  • Veteran Cattle Feeder Lee Borck Says Grid Marketing Cattle is Like Supplying Premium Automobiles  Wed, 20 Jun 2018 12:09:53 CDT
  • Beef Industry Feeling a Little Left Out as Senate Pushes Farm Bill Through Without Showing Its Hand  Wed, 20 Jun 2018 10:20:07 CDT
  • Non-Profit Group Says Over 2,800 Retailers to Offer E15 by 2021 in Report Touted by Growth Energy  Wed, 20 Jun 2018 09:29:43 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.