… placements slightly below the average estimate…
November Cattle on Feed *Audio with Jerry Stowell*
BY USDA/NASS DTN
via KTIC (NE) - November 23, 2019
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on Nov. 1, 2019. The inventory was 1% above Nov. 1, 2018, USDA NASS reported on Friday.
Placements in feedlots during October totaled 2.48 million head, 10% above 2018. Net placements were 2.42 million head. During October, placements of cattle and calves weighing less than 600 pounds were 600,000 head, 600-699 pounds were 540,000 head, 700-799 pounds were 517,000 head, 800-899 pounds were 475,000 head, 900-999 pounds were 230,000 head, and 1,000 pounds and greater were 115,000 head.
Marketings of fed cattle during October totaled 1.88 million head, 1% below 2018.
Other disappearance totaled 59,000 head during October, 14% below 2018.
Cattle On Feed Report A Little Friendly ...
The November cattle on feed report was slightly delayed coming from USDA. Jerry Stowell of Country Futures has the big numbers everyone was waiting for which showed placements slightly below the average estimate. Weight breakdowns will have to wait though.
document, plus table, link to complete report, video report [1:33 min.]