Cattle on Feed Remains Higher Year-over-Year

According to the latest Cattle on Feed report by USDA’s National Agricultural Statistics Service (NASS), the number of animal’s on feed (lots with 1,000 or more head capacity) remained above a year ago. That would be expected given the increasing size of U.S. calf crops in recent years. The onfeed count as of August 1st at 10.6 million head was 4.3% above a year ago, slightly below the yearover-year rise posted as of July 1 (up 4.5%). In terms of head, the latest count was 439,000 head above 2016’s and the largest as of August 1st since 2012.

By far, the most anticipated number in the report was the head placed into feedlots during July, which increased only 2.7% compared to a year ago. Given the drought in the Northern Plains, that increase was smaller than many analysts expected. Usually, the seasonal (within year) pattern is for head placed to increase in July compared to June's. That did not happen this year. The last time a decline happened was in 2007. Year-over-year percentage increases in head placed that occurred in recent months were not sustainable. Six of the 12 states that are individually reported by NASS did show more animals placed than a year ago; those states were: Idaho (up 1,000 head); Minnesota (6,000), Nebraska (35,000), Oklahoma (5,000), South Dakota (8,000) and Washington (9,000). Of course, the increases in Nebraska and South Dakota were driven by drought conditions in the Northern Plains. Minnesota probably received some cattle from drought areas, and there also was active interest buying calves and yearlings by farmer-feeders in that state. Minnesota has among the best corn crop conditions anywhere and large supplies of 2016 corn still on-hand.

Cattle marketed by feedlots during July came in at 4.2% above 2016’s. Marketing’s remained aggressive compared to the last two years. However, the percentage of animals marketed relative to the calculated number of head that had been on-feed for over 90 days was not as dramatic as in the last eight months (back to November 2016) and was in-line with the 5-year average from 2011-15. Fed animal (steer and heifer) dressed weights moving up closer-and-closer to a year ago in recent weeks have been caused in part by relatively mild summer weather which has been associated with good animal performance (average daily gain) in feedlots. More animals are on-feed than a year ago, but that does not imply any cattle feeders have not marketed animals when ready, as happened in 2016. 

Mon, 25 Sep 2017 16:36:00 +0000
Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week.

Fri, 01 Sep 2017 12:46:00 +0000
According to the latest Cattle on Feed report by USDA’s National Agricultural Statistics Service (NASS), the number of animal’s on feed (lots with 1,000 or more head capacity) remained above a year ago.

Thu, 31 Aug 2017 12:38:00 +0000
Total U.S. red meat and poultry production are often cited as "record high," which is correct this year and last, and the Livestock Marketing Information Center (LMIC) forecasts that situation to persist through 2019. However, production numbers need to be in context, which is often not done.

Wed, 30 Aug 2017 08:49:00 +0000
The weekly Crop Progress report issued by USDA-NASS (National Agriculture Statistics Service) showed this year’s corn crop condition as of the last weekend in August as unchanged from the prior week.

Mon, 28 Aug 2017 15:14:00 +0000
July placements up 2.7% vs year ago and Aug. 1 feedlot cattle at 104.3% of year ago.

Fri, 25 Aug 2017 23:25:00 +0000
Feedlots in the U.S. added 439,000 more head of cattle on Aug. 1 compared to the same time last year, an increase of 4%.

Fri, 25 Aug 2017 13:22:00 +0000
Canadians are adding more cattle to their herd, but the U.S. still has 10-times as many cattle.

Tue, 15 Aug 2017 15:09:00 +0000
The estimate of area harvested was unchanged from the figure shown in their June acreage report and only up a fraction of a percent from last year.

Sat, 22 Jul 2017 20:24:51 +0000
June 1 feedlot cattle at 104.5 pct of year ago.

Fri, 21 Jul 2017 20:54:00 +0000
The U.S. beef cow herd increased 7% in the past two years, while beef replacement heifers were down 2% since USDA's last mid-year inventory report.