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


Allendale Estimates Upcoming USDA Report to Show a 2.8 Percent Increase in Total Cattle on Feed

Tue, 21 May 2019 11:43:48 CDT

Allendale Estimates Upcoming USDA Report to Show a 2.8 Percent Increase in Total Cattle on Feed The following are Allendale, Inc.'s estimates for the coming Cattle on Feed and Cold Storage reports.



April placements are expected 12.9% over last year at 1.914 million head. This would be a record placement for any previous April since the current data-series began in 1996. This now marks three months in a row of above last year placements. It helps make up for the low placements noted from September through January. April placements supply a portion of the October through December finished cattle supply. Breakevens for April placements, finished cattle for Q4, average $127 according to Kansas State University models.



Allendale anticipates a Marketing total in April at 6.4% over last year for a total of 1.918 million. This is the largest April marketing in eleven years. There was a calendar adjustment this month adding numbers by 4.0%.



Total Cattle on Feed as of May 1 is 2.8% over last year at 11.886 million. This is a record May 1 number since the data-series started in 1996.


Allendale projects a 623 million lb. total pork stock level for the end of April. The five-year average is 629 million lbs. Our estimate represents an increase of 13 million lb. from the previous month. The five-year average month to month change for April is a 26 million lb. increase.



Beef stocks, at 441 million lbs., are below the five-year average of 457. This month’s estimate represents a decrease of 10 million lbs. from the previous month. The five-year average for this month is a 3 million lb. decrease.



Source - Allendale, Inc.




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • USDA Undersecretary Bill Northey Working to Pull Together Help for Farmers and Ranchers Hurt by Extreme Weather and Retaliatory Tariffs  Tue, 25 Jun 2019 20:06:59 CDT
  • Steer and Heifer Calves Were too Lightly Tested for an Accurate Trend Tuesday at OKC West Livestock Auction  Tue, 25 Jun 2019 20:09:42 CDT
  • New Online Database Puts Sharper Focus on U.S. Agricultural Injuries  Tue, 25 Jun 2019 15:49:06 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, June 25, 2019  Tue, 25 Jun 2019 15:43:14 CDT
  • Tuesday Market Wrap-Up with Justin Lewis  Tue, 25 Jun 2019 14:10:29 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 25 Jun 2019 14:05:24 CDT
  • NRCS Announces Cover Crop Funding Opportunity for Landowners Through Flooding Disaster Initiative  Tue, 25 Jun 2019 12:40:59 CDT
  • Congressmen LaMalfa, Conaway Support Voluntary Conservation Practices for Improving Soil Health  Tue, 25 Jun 2019 12:37:11 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.