Here is the link to the USDA report if anyone is interested.
In this past Friday's January 20th 2012 USDA Cattle on Feed Report, cattle in US feedlots with a capacity of 1,000 or more head totaled 11.9 million head on January 1, 2012. This was 3% above January 2011, 2% below last month, and 1% below the average analyst estimate of 104%.
Placements in feedlots during December totaled 1.68 million, 6% below 2010, 17% below last month, and in line with expectations. Net placements were 1.59 million head. During December, placements of cattle and calves weighing less than 600 pounds were 550,000, 600 - 699 pounds were 390,000, 700 - 799 pounds were 365,000 and 800 pounds and greater were 378,000.
Marketings of fed cattle during December totaled 1.80 million, 2% below 2010, 1% above last month, and 1% higher than expectations of 97%.
To view the full report, please click on the following link;
[URL="http://usda01.library.cornell.edu/usda/current/CattOnFe/CattOnFe-01-20-2012.pdf"][/URL]
Take care,
Moe Agostino
Farms.com Risk Management
moe.agostino@farms.com
In this past Friday's January 20th 2012 USDA Cattle on Feed Report, cattle in US feedlots with a capacity of 1,000 or more head totaled 11.9 million head on January 1, 2012. This was 3% above January 2011, 2% below last month, and 1% below the average analyst estimate of 104%.
Placements in feedlots during December totaled 1.68 million, 6% below 2010, 17% below last month, and in line with expectations. Net placements were 1.59 million head. During December, placements of cattle and calves weighing less than 600 pounds were 550,000, 600 - 699 pounds were 390,000, 700 - 799 pounds were 365,000 and 800 pounds and greater were 378,000.
Marketings of fed cattle during December totaled 1.80 million, 2% below 2010, 1% above last month, and 1% higher than expectations of 97%.
To view the full report, please click on the following link;
[URL="http://usda01.library.cornell.edu/usda/current/CattOnFe/CattOnFe-01-20-2012.pdf"][/URL]
Take care,
Moe Agostino
Farms.com Risk Management
moe.agostino@farms.com