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USDA: cattle on feed up 1%

 

cattle feedlot-milford 5-13

The USDA’s latest set of cattle on feed numbers reflects at least some expansion of the U.S. herd.

The total number of cattle on feed in the U.S. on May 1st was up 1% on the year at 10.640 million head and marketings during April were down 8% at 1.639 million head, the lowest for the month since the series of reports started. Both the total number of cattle on feed and marketings came close to what analysts were expecting.

However, placements were well below most estimates, 5% below a year ago at 1.548 million head, because of the tighter supply of cattle late last year and early this year. By weight, placements of cattle weighing less than 600 pounds were 320,000 head and 600 to 699 pound placements were 240,000 head, while 700 to 799 pound placements were 348,000 head and placements of cattle weighing more than 800 pounds were 640,000 head.

Other disappearances dropped 20% to 66,000 head.

 

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