USDA’s National Agricultural Marketing Service estimated cattle on feed in feedlots with more than 1,000 head capacity at 11.5 million head, 8% higher than last year.
Placements during December totaled 1.8 million head, 1% higher than 2016. Marketings were estimated at 1.75 million head, 1% below last year.
During December, placements of cattle and calves weighing less than 600 pounds were 470,000 head, 600-699 pounds were 410,000 head, 700-799 pounds were 445,000 head, 800-899 pounds were 279,000 head, 900-999 pounds were 100,000 head, and 1,000 pounds and greater were 95,000 head.
Farm Journal economist and AgriTalk radio host Chip Flory says the current feedlot herd is back to 2012 levels, when severe drought in the Southern Plains forced many producers to liquidate their herds. Watch his report above, on how beef prices continue to create profits for producers even as supplies increase.
USDA’s February 1 cattle on feed report tallied 11.6 million head, up 8% compared to the same period last year. January marketings totaled 1.858 million head, up 6% compared to the January total. Pl
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Cattle herd expansion continued in 2017, according to USDA-National Agricultural Statistics Service’s 2018 Cattle Inventory Report, although at a much slower pace than 2016. The report shows invento
USDA’s National Agricultural Marketing Service estimated cattle on feed in feedlots with more than 1,000 head capacity at 11.5 million head, 8% higher than last year.Placements during December total