Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Feedlot Placements Move Sharply Lower

feedlot placements sharply lower cattle markets react
Placements of cattle in feedlots during February was 14% less than a year earlier.

Most folks expected cattle placed in feedlots during February to be significantly less than last year. Supplies are too tight and feedlots continue to lose too much money.

The average estimate heading into Friday’s monthly Cattle on Feed report was for placements to be down about 9%. Instead, placements (1.48 million head) were down a staggering 14%. Of those, 60% weighed 700 lbs. or more.

Marketings in March (1.64 million head) were 7% less than a year ago. The average pre-report estimate was 7.2% less.

All told, cattle on feed in March 1 (10.9 million head) are 7% less than the previous March. The average estimate ahead of the report was for a decline of 6.5%.

Earlier in the week, Len Steiner and Steve Meyer pointed out in their Daily Livestock Report that inventories of 10.918 million head (the pre-report estimate) would be 759,000 less than a year earlier.

“That is the largest year-on-year decline recorded in this most recent reduction cycle,” Steiner and Meyer say. “Inventories were 738,000 lower on Feb. 1, and have been at least 635,000 smaller than one year earlier since November.”

Instead of the inventory being 759,000 head fewer, it’s down about 820,000 head.


You might also like:

Long-Term Weather Outlook: Cinch Up

Cattle Market Weekly Audio Report for Saturday, March 23, 2013

2013 Setting Up For Higher Cattle Prices

14 New Ranch ATVs For 2013


Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.