According to an article from FairviewSaleBarn.com, Cattle-Fax CEO Randy Blach recently told the audience at the Cattle Feeders Business Summit in Denver that he expects another big drop in this year’s mid-year Cattle Inventory report. That report will be released Friday from the USDA.
The article states that “Last summer, USDA reported calves and feeder cattle outside feedlots down by 1 million head from the previous year. When the 2011 mid-year Cattle Inventory report is released on July 22, Blach expects it will show calves and feeders outside feedlots down another 1.28 million head.”
The monthly Cattle on Feed report will also be released Friday. Heading into that, Allendale, Inc. has the following predictions:
June Placements are expected to be 8.8{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} smaller than last year. Sharply negative margins on outgoing cattle in June likely limited new placements. Losses reached $200 per head for many producers. Placements should remain under previous year levels for several months. Cattle placed in June will be marketed from November through February.
Allendale anticipates a Marketing total 4.6{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} higher than June of 2010. Marketings, on a percentage vs. last year basis, will increase in later July then again in August before becoming manageable. Allendale strongly feels USDA’s May marketing estimate was 4{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} too large. Though some will take that amount off the June number, we have not made that adjustment.
Total Cattle on Feed as of July 1 will be 2.1{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} larger than last year. The front end supply of cattle, those on feed for over 120 days, is seen 9{e7e4ba4d9a3c939171d79cae1e3a0df1d41e5a91c3c4158fbb92284b490bc9d3} higher than last year.
© Northern Ag Network
With Material from FairviewSaleBarn.com & Allendale, Inc.
Posted by Haylie Shipp
