The United States Department of Agriculture released its November 1 cattle-on-feed report, which saw results in line with pre-report expectations.
Anne Wasko, of the Gateway Livestock Exchange, sums up the report below:
“November 1 cattle-on-feed is up 1 per cent from last year at 11.8 million head. This is 7 per cent larger than the five-year average. Large placements in October (as expected) were able to put feedlot inventories back above year ago levels,” she says.
Placements in October were up 10 per cent, slightly below Wasko’s estimate of 12 per cent, with virtually every weight class up except the under 600 lb class. Placements were 8 per cent higher than the five-year average. The over 800 lb class was up 30 per cent from last year, while under 800 lb was up 3 per cent. The over 800 lb group made up 33 per cent of placements (vs 28% last year). Total marketings in October were down 1 per cent.
You can find the entire report, HERE
