Steer slaughter below year-ago while beef heifer and cow harvest runs high
"Steer slaughter continues to run below year-ago levels despite the fact that the quarterly feedlot inventories have shown more steers on feed in 2018 compared to last year,” reports Derrell Peel, Extension livestock marketing economist at Oklahoma State University. “Steer slaughter has averaged 51.6% of total cattle slaughter so far this year, down from 52.9% of total cattle slaughter in 2017."
Peel says that as heifer and cow slaughter return to normal levels, steer slaughter will move closer to the long-term average of 50.6% of total slaughter, according to the Oklahoma Farm Report.
According to Peel "heifer slaughter so far this year is averaging about 7% above year-ago levels with smaller year-over-year increases in recent weeks, pulling the year-to-date total down to a smaller increase. Total cow slaughter is up 7.3% year to date with beef cow slaughter up 10.5% year over year as beef cow culling returns to long term average levels.”
Click here to review more of Peel's analysis.