Agricultural News
Cattle on Feed Up 2% - OSU's Derrell Peel Breaks Down the Numbers in this Month's USDA Report
Fri, 19 Apr 2019 11:00:34 CDT
The USDA released its Cattle on Feed report for the April 1, 2019 on Thursday afternoon. Radio Oklahoma Ag Network Farm Director Ron Hays reached out to OSU Extension Livestock Market Economist Dr. Derrell Peel for his reaction to the numbers in this month's report. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.
"By and large it was a relatively well-anticipated report. All of the numbers were kind of in the range of estimates. I don't think there will be any big surprises on this," Peel said. "So, I think we're in pretty good shape for this report."
According to the report, cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on April 1, 2019. The inventory was 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996.
Placements in feedlots during March totaled 2.01 million head, 5 percent above 2018. Net placements were 1.95 million head.
Marketings of fed cattle during March totaled 1.78 million head, 3 percent below 2018.
Peel says the numbers in this report are about where you would expect them to be in a cyclical sense. While expectations are that the cow herd might peak here in 2019, Peel says there is still a full pipeline of cattle to work through and believes we will continue to see higher numbers in future reports as the industry processes that supply. In addition, Peek attributes much of what he sees in this report to the adverse weather conditions experienced during the first quarter of the year. Given the lengthy duration of those weather conditions, he believes we will continue to see those impacts at least for a few more weeks until the effects of milder spring and summer weather evens out feeding and growing conditions.
Click here to see the USDA's Cattle on Feed report for April 1, 2019 for yourself.
You can listen to Hays' full discussion with Peel on the numbers in this month's report, on today's Beef Buzz.
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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