February Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report on Friday, February 24, 2017. The report was in line with pre-report expectations for placements and marketings. The total number of cattle on feed was 10.78 million head on February 1, 2017. This was up 0.7 percent over a year ago and consistent with pre-report estimates.

Placements into feedlots in January of 2017 were 11 percent higher than placements in January 2016. Marketings totaled 1.75 million head which was up 10 percent over 2016. There was one more working day in January 2017 than in January 2016 which can account for a portion of the increase in marketings. Overall, the report can be considered mostly neutral as there were no major surprises.

This report was the first to include the larger weight groups that have been added to the monthly report. Placement weights over the last few years have been larger and the new groups will allow us to see how many very heavy cattle are placed. The largest weight group on previous reports (800+ pounds) has been split into 800-899, 900-999, and 1,000+ pounds groups for the U.S. numbers. For the 900-999 pounds group, 116,000 head were placed on feed in January 2017 while 45,000 cattle in the 1,000+ pounds group were placed. The addition of these larger weight groups will allow for a better estimate of when and how many cattle will be ready for market in the future.

September Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (September 23, 2016). The report revealed that 10.135 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on September 1, 2016. Placements into feedlots during the month of August totaled 1.879 million head while marketings during the same month totaled 1.868 million head.

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Placements totaled 1.879 million head, an increase of 15.13% from August 2015 and a 0.14% increase from the five-year average from 2011 to 2015. Market analyst expected placements to be up 13.10%, so the reported value came in slightly above expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 21.2% year-over-year increase while cattle less than 600 pounds saw an 8.9% year-over-year decrease in placements. All other weight classes saw an increase in placements.

Cattle marketed in August totaled 1.868 million head, up 17.63% versus last year and up 1.98% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 17.5% higher than the same period last year, so they came in right where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.135 million head, up 1.49% versus September 1, 2015 and 0.50% lower than the five-year average.  Market analysts expected a 1.2% year-over-year increase in cattle inventories, so the reported value came in slightly above expected but still well within the range of analysts’ expectations.

August Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (August 19, 2016). The report revealed that 10.165 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on August 1, 2016. Placements into feedlots during the month of July totaled 1.572 million head while marketings during the same month totaled 1.713 million head.

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Placements totaled 1.572 million head, an increase of 1.62% from July 2015 and a 11.16% decrease from the five-year average from 2011 to 2015. Market analyst expected placements to be down 0.40%, so the reported value came in above expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 0.8% year-over-year increase while cattle less than 600 pounds saw a 3.6% year-over-year decrease in placements.

Cattle marketed in July totaled 1.713 million head, down 0.70% versus last year and down 8.03% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 0.7% lower than the same period last year, so they came in right where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.165 million head, up 1.63% versus August 1, 2015 and 0.37% lower than the five-year average.  Market analysts expected a 1.3% year-over-year increase in cattle inventories, so the reported value came in slightly above expected but still well within the range of analysts’ expectations.

July Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (July 22, 2016). The report revealed that 10.356 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on July 1, 2016. Placements into feedlots during the month of June totaled 1.525 million head while marketings during the same month totaled 1.912 million head.

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Placements totaled 1.525 million head, an increase of 2.97% from June 2015 and a 2.98% decrease from the five-year average from 2011 to 2015. Market analyst expected placements to be up 6.1%, so the reported value came in well below expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 17.4% year-over-year increase while cattle less than 600 pounds saw a 17.1% year-over-year decrease in placements.

Cattle marketed in June totaled 1.912 million head, up 9.44% versus last year and up 0.30% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 9.7% higher than the same period last year, so they came in very close to where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.356 million head, up 1.17% versus July 1, 2015 and 0.19% lower than the five-year average.  Market analysts expected a 1.6% year-over-year increase in cattle inventories, so the reported value came in slightly below expected but still well within the range of analysts’ expectations.

June Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (June 24, 2016). The report revealed that 10.799 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on June 1, 2016. Placements into feedlots during the month of May totaled 1.884 million head while marketings during the same month totaled 1.794 million head.

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Placements totaled 1.884 million head, an increase of 9.60% from May 2015 and a 1.64% decrease from the five-year average from 2011 to 2015. Market analyst expected placements to be up 9.5%, so the reported value came in slightly above but still very close to expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing an 19.7% year-over-year increase.

Cattle marketed in May totaled 1.794 million head, up 4.85% versus last year and down 6.00% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 4.60% higher than the same period last year, so they came in slightly above where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.799 million head, up 2.16% versus June 1, 2015 and 0.34% higher than the five-year average.  Market analysts expected a 2.0% year-over-year increase in cattle inventories, so the reported value came in slightly above expectations. Overall, there were not many surprises in this report with most of the numbers coming in very close to expectations.

May Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (May 20, 2016). The report revealed that 10.783 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on May 1, 2016. Placements into feedlots during the month of April totaled 1.664 million head while marketings during the same month totaled 1.658 million head.

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Placements totaled 1.664 million head, an increase of 7.49% from April 2015 and a 1.50% increase from the five-year average from 2011 to 2015. Market analyst expected placements to be down 1.6%, so the reported value came in well above expectations. The highest analyst estimate was expecting less than a one percent increase, so the reported value was much higher than even the highest expectation. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing an 11.7% year-over-year increase.

Cattle marketed in April totaled 1.658 million head, up 1.16% versus last year and down 6.37% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 1.6% higher than the same period last year, so they came in slightly below where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.783 million head, up 1.34% versus May 1, 2015 and 0.60% lower than the five-year average.  Market analysts expected a 0.1% year-over-year increase in cattle inventories, so the reported value came in well above expectations and fell above even the highest analysts’ expectations.

April Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (April 22, 2016). The report revealed that 10.853 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on April 1, 2016. Placements into feedlots during the month of March totaled 1.892 million head while marketings during the same month totaled 1.747 million head.

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Placements totaled 1.892 million head, an increase of 4.59% from March 2015 and a 2.83% increase from the five-year average from 2011 to 2015. Market analyst expected placements to be up 7.0%, so the reported value came in slightly below expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 6.9% year-over-year increase.

Cattle marketed in March totaled 1.747 million head, up 7.11% versus last year and down 3.15% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 6.9% higher than the same period last year, so they close to where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.853 million head, up 0.52% versus April 1, 2015 and 1.79% lower than the five-year average.  Market analysts expected a 0.9% year-over-year increase in cattle inventories, so the reported value came in slightly lower than expected but still well within the range of analysts’ expectations.

 

March Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (March 18, 2016). The report revealed that 10.777 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on March 1, 2016. Placements into feedlots during the month of February totaled 1.71 million head while marketings during the same month totaled 1.591 million head.

[ … For detailed numbers and charts CLICK HERE … ]

Placements totaled 1.71 million head, an increase of 10.25% from February 2015 and a 6.5% increase from the five-year average from 2011 to 2015. Market analyst expected placements to be up 9.0%, so the reported value came in relatively close to expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 12.5% year-over-year increase, although placements were also higher for all other weight classes.

Cattle marketed in February totaled 1.591 million head, up 4.95% versus last year and down 3.15% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 4.6% higher than the same period last year, so they close to where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.77 million head, up 0.77% versus March 1, 2015 and 2.64% lower than the five-year average.  Market analysts expected a 0.4% year-over-year increase in cattle inventories, so the reported value came in slightly higher than expected but still very close to analysts’ expectations.

February Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (February 19, 2016). The report revealed that 10.709 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on February 1, 2016. Placements into feedlots during the month of January totaled 1.779 million head while marketings during the same month totaled 1.589 million head.

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Placements totaled 1.779 million head, a decrease of 0.56% from January 2015 and a 5.45% decrease from the five-year average from 2011 to 2015. Market analyst expected placements to be down 0.7%, so the reported value very close to expectations. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 2.7% year-over-year increase.

Cattle marketed in January totaled 1.589 million head, down 2.22% versus last year and down 10.68% compared to the average from 2011 to 2015. Pre-report expectations called for marketings to be 2.20% lower than the same period last year, so they were right where analysts anticipated they would be.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.709 million head, down 0.04% versus February 1, 2015 and 4.12% lower than the five-year average.  Market analysts expected a 0.2% year-over-year decrease in cattle inventories, so the reported value came in slightly higher than expected but still very close to analysts’ expectations.

 

January Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (January 22, 2016). The report revealed that 10.573 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on January 1, 2015. Placements into feedlots during the month of December totaled 1.525 million head while marketings during the same month totaled 1.674 million head.

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Placements totaled 1.525 million head, a decrease of 0.78% from December 2014 and a 7.64% decrease from the five-year average from 2010 to 2014. Market analyst expected placements to be down 5.1%, so the reported value significantly higher than anticipated. The reported value was nearly 2% higher than even the highest analyst’s estimate. This month’s numbers continue the trend of increasing heavy placements, with cattle larger than 800 pounds seeing a 10% year-over-year increase.

Cattle marketed in December totaled 1.674 million head, up 1.15% versus last year and down 3.52% compared to the average from 2010 to 2014. Pre-report expectations called for marketings to be 1.9% lower than the same period last year, so they slightly lower than expected, but still well within the range of analysts’ expectations.

The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.573 million head, down 0.50% versus January 1, 2015 and 5.08% lower than the five-year average.  Market analysts expected a 1.2% year-over-year increase in cattle inventories, so the reported value slightly higher than expected but still within the range of analysts’ expectations.