Beef Market Update – Feb US Cattle on Feed Placement Down 14% in Comparison to Last Year

If you cannot see the above embedded audio player, click here

With growing speculation that feedyards in the US and Canada would be attempting to contain losses by limiting the amount of cattle they fed, the February placement number in the USDA Cattle on Feed Report confirmed it.

The March 22, 2013 USDA Cattle on Feed report showed the February placement number down 14% in comparison to a year ago.

In this week edition of the Beef Market Update, Shaun Haney and I discuss why this number surprised the trade and what it means for the rest of 2013 for ranchers and feeders in Canada and the US.

 

Anne Dunford

President of Cattle Trends Inc., which consults for companies and individuals in the cattle business. Also a regular contributor on RealAgriculture.com

Trending

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »

Related

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.