Cattle on Feed Preview 02/22 14:00
USDA Actual Average Guess Range
Cattle on Feed:
On Feed Jan. 1 102.0% 102.2% 101.3-102.6%
Placed in December 98.0% 101.4% 95.1-103.8%
Marketed in December 99.0% 99.7% 99.3-101.9%
OMAHA (DTN) -- Cattle and calves on feed for the slaughter
market in the United States for feedlots with capacity of 1,000
or more head totaled 11.7 million head on Jan. 1, 2019. The
inventory was 2% above Jan. 1, 2018, USDA reported Friday.
The inventory included 7.28 million steers and steer calves,
down 1% from the previous year. This group accounted for 62% of
the total inventory. Heifers and heifer calves accounted for
4.41 million head, up 6% from 2018.
Placements in feedlots during December totaled 1.77 million
head, 2% below 2018. Net placements were 1.69 million head.
During December, placements of cattle and calves weighing less
than 600 pounds were 445,000 head, 600-699 pounds were 460,000
head, 700-799 pounds were 402,000 head, 800-899 pounds were
285,000 head, 900-999 pounds were 90,000 head, and 1,000 pounds
and greater were 85,000 head.
Marketings of fed cattle during December totaled 1.74 million
head, 1% below 2017.
Other disappearance totaled 75,000 head during December, 1%
"All areas are within estimated ranges, but the fact that this
report is delayed by a month is expected to negate most of the
market impact due to the historical nature of the report," said
DTN Analyst Rick Kment. "The Feb 1 Cattle on Feed report will be
released on March 8, and will be more closely watched, as it
will have more up-to-date information."
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