The United States Department of Agriculture (USDA) National Agricultural Statistics Service (NASS) Friday released its Cattle on Feed report.
* USDA NASS contributed the following information.
Cattle and calves on feed for slaughter in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on February 1, 2018. The inventory was eight-percent above February 1, 2017.
Placements in feedlots during January totaled 2.07 million head, four-percent above 2017. Allendale Chief Strategist Rich Nelson reports this placement is the largest for any particular January in 12 years. Net placements were 2.00 million head. During January, placements of cattle and calves weighing less than 600 pounds were 375,000 head, 600-699 pounds were 450,000 head, 700-799 pounds were 625,000 head, 800-899 head were 418,000 head, 900-999 pounds were 115,000 head and 1,000 pounds and greater were 85,000 head.
Marketings of fed cattle during January totaled 1.86 million head, six-percent above 2017. Nelson adds this is the largest marketing number in 5 years. January’s number was artificially impacted by a calendar day adjustment, providing one extra weekday.
Other disappearance totaled 69,000 head during January, 30 percent above 2017.
Traders say Friday’s report is slightly bearish and should have little impact at Monday’s opening.
The USDA NASS Iowa Field Office reports inventory on all Iowa feedlots increased for its third straight month. Placements of cattle and calves in Iowa feedlots saw the largest increase from January 2018, rising 30 percent
* USDA?s NASS Iowa Field Office contributed the following information.
Cattle and calves on feed for the slaughter market in Iowa feedlots with a capacity of 1,000 or more head totaled 720,000 head on February 1, 2018. This was up three-percent from January 1, 2018 and up 13 percent from February 1, 2017. Iowa feedlots with a capacity of less than 1,000 head had 580,000 head on feed, up four-percent from last month but down one-percent from last year. Cattle and calves on feed for the slaughter market in all Iowa feedlots totaled 1,300,000 head, up three-percent from last month and six-percent from last year.
Placements of cattle and calves in Iowa feedlots with a capacity of 1,000 or more head during January totaled 130,000 head, an increase of 30 percent from last month and up two-percent from last year. Feedlots with a capacity of less than 1,000 head placed 73,000 head, down 19 percent from last month and down 10 percent from last year. Placements for all feedlots in Iowa totaled 203,000 head, up seven-percent from last month, but down three-percent from last year.
Marketings of fed cattle from Iowa feedlots with a capacity of 1,000 or more head during January totaled 107,000 head, up nine-percent from last month and up 24 percent from last year. Feedlots with a capacity of less than 1,000 head marketed 50,000 head, up nine-percent from last month but down four-percent from last year. Marketings for all feedlots in Iowa were 157,000 head, up nine-percent from last month and up 14 percent from last year. Other disappearance from all feedlots in Iowa totaled 1,000 head.
