USDA Cattle on feed report for Aug 1 shows lower placements

On Friday the USDA released its Cattle on Feed report which provided some clarity on the placement number heading into the fall run.

Anne Wasko had the following commentary – “Aug 1 U.S. Cattle on Feed Report was called neutral from guesstimates we talked about in Friday’s Beef Market Update.  I was actually expecting the placement number to be higher.”

The report read as follows:

  • Aug 1 cattle On Feed +4% (trade guess was +5)
  • July Placements in feedyards +3% (trade guess was +6)
  • July marketings +4% (trade guess +4.5%)

Read the Full Report

Kevin Grier, commented in his market commentary to subscribers that Friday’s cattle on feed report was modestly bullish. Placements and the total inventory were modestly lower than expectations but the potential to impact the market open on Monday is limited.

As Anne and Shaun discussed on Friday in the Beef Market Update episode, the market is looking for a reason to stabilize cash and the futures market but this may not be enough to do so.

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4PM est. @shaunhaney

Trending

Wheat Pete’s Word, Feb 21: Geese-eaten wheat, spreading manure, and layered herbicide management

In this week's episode of the Word, host Peter Johnson takes us through a few of his key learnings in the last month with a discussion on the 38 million acre problem — herbicide resistance. Then Johnson talks geese in wheat, building magnesium, cover crops, tillage, and spreading/piling manure. Have a question you’d like Johnson…Read more »

Related

Leave a Reply