Derrell Peel Says Latest Cattle on Feed Report Shows Continuing Trend of Growing Feedlot Inventories

Jun 26, 2017

The US Department of Agriculture released their latest Cattle on Feed Report on Friday afternoon- showing cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on June 1, 2017. The inventory was 3 percent above June 1, 2016.

Placements in feedlots during May totaled 2.12 million head, 12 percent above 2016. Net placements were 2.05 million head.

Marketings of fed cattle during May totaled 1.95 million head, 9 percent above 2016.

Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says the report did not really hold any big surprises. Dr. Peel told Radio Oklahoma Ag Network Farm Director Ron Hays that "this report, in many ways, is very similar to the report of a month ago with a relatively large placement number and a pretty strong marketing number continuing- yet despite that, we are starting to see these on feed inventories starting to grow."

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Video: Selling Rams & Helping New Farmers Begin

It’s shipping day again at Ewetopia Farms as we sell another Suffolk yearling ram! In today’s episode, we load one of our Suffolk rams onto the trailer as he heads off to his new farm to sire the next generation of lambs.

This particular customer has been buying our rams for over eight years, trusting Ewetopia genetics for their gentle temperaments, strong builds, and proven performance. Back home, we get busy looking after the flock that’s staying behind. With the weather turning wet and chilly, it’s time to put down fresh, clean bedding to keep everyone cozy and comfortable for the season ahead. Later, we welcome a wonderful new family who’s just starting out in sheep farming!

They’ve chosen some of our Suffolk ewe lambs to begin their flock — and we couldn’t be happier to help them take their first steps into raising sheep. Stay tuned for a follow-up episode when we help deliver and settle their new flock at their farm.