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USDA: United States Cattle on Feed Report: Up 1 Percent

From USDA

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.9 million head on April 1, 2016. The inventory was 1 percent above April 1, 2015. The inventory included 7.36 million steers and steer calves, down 1 percent from the previous year. This group accounted for 68 percent of the total inventory. Heifers and heifer calves accounted for 3.49 million head, up 4 percent from 2015 

 Placements in feedlots during March totaled 1.89 million head, 5 percent above 2015. Net placements were 1.83 million head. During March, placements of cattle and calves weighing less than 600 pounds were 352,000 head, 600-699 pounds were 275,000 head, 700-799 pounds were 495,000 head, and 800 pounds and greater were 770,000 head.

 Marketings of fed cattle during March totaled 1.75 million head, 7 percent above 2015.

 Other disappearance totaled 62,000 head during March, 10 percent below 2015.

 Click the following link to find the full report

http://usda.mannlib.cornell.edu/usda/current/CattOnFe/CattOnFe-04-22-2016.pdf

 

 

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The cattle inventory report gives confirms the smallest herd since the 1950's. Derrell Peel is Extension Livestock Marketing Specialist for Oklahoma State University and sees similarities to this cycle with others tied to drier conditions. He gives us insight on the pipeline and the layered and complex livestock market.