Tag Archives: Cattle on Feed

The January cattle on feed report showed an increase in cattle placed into feedlots and cattle marketed out of feedlots. The total number of cattle on feed was relatively unchanged from a year ago.

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on January 1, 2021. The inventory was slightly above January 1, 2020. The inventory included 7.40 million steers and steer calves, up slightly from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.57 million head, down slightly from 2020.

Placements in feedlots during December totaled 1.84 million head, 1 percent above 2020. Placements were the second highest for January since the series began in 1996. Net placements were 1.78 million head. During December, placements of cattle and calves weighing less than 600 pounds were 460,000 head, 600-699 pounds were 435,000 head, 700-799 pounds were 425,000 head, 800-899 pounds were 317,000 head, 900-999 pounds were 110,000 head, and 1,000 pounds and greater were 95,000 head.

Marketings of fed cattle during December totaled 1.85 million head, 1 percent above 2020. Marketings were the second highest for January since the series began in 1996.

 

January Cattle on Feed January 2021 Est. Range of Estimates
On Feed 100.00% 99.30% 98.8%-99.9%
Placed 101.00% 97.00% 98.9%-106.5%
Marketed 101.00% 100.70% 100.3%-101.8%

 

Jerry Stowell with Country Futures breaks down the full report here:

At first glance the December cattle on feed report did not have a lot of surprising information to hold. Digging deeper into the report analyst essentially had it locked in with their estimates. Placements in the December report fit the pattern started in the October report with continuing shrinkage. Jerry Stowell highlighted in his commentary that with rising feed prices, placements are likely to continue dropping as feeders try to keep cattle out of the feed yard for longer.

All cattle and calves on feed for the slaughter market in the United States inside feedlots with capacity of 1,000 or more head totaled 12.0 million head on December 1, 2020. The inventory was slightly above December 1, 2019.

Cattle placed into feedlots during November totaled 1.91 million head, 9 percent below 2019. Net placements were 1.85 million head. During November, placements of cattle and calves weighing less than 600 pounds were 520,000 head, 600-699 pounds were 460,000 head, 700-799 pounds were 400,000 head, 800-899 pounds were 306,000 head, 900-999 pounds were 130,000 head, and 1,000 pounds and greater were 90,000 head.

Fed cattle marketed to the slaughter market in November totaled 1.78 million head, 2 percent below 2019.

Other disappearance totaled 61,000 head during November, 6 percent below 2019.

December Cattle on Feed December 2020 Est. Range of Estimates
On Feed 100.00% 100.00% 99.1%-100.8%
Placed 91.10% 91.50% 85.5%-95.2%
Marketed 98.30% 98.10% 97.6%-102.3%

 

Jerry Stowell, Country Futures, gives the important highlights of the report here:

This weeks Cattle Call with Brad Kooima talks on the formula price for the cattle market, mid-week movement of bigger cattle & is it a push to year end. We saw boxed beef below 210. Without Christmas gatherings like in years past, what concern does that bring to the market? We also have a cattle on feed report out on Friday.