U.S. Cattle on Feed Down 2 Percent

The following article is from DTN:

On Feed June 1

USDA Actual: 98{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Average Guess: 98.6{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Range: 97.8 – 99{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Placed in May

USDA Actual: 93{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Average Guess: 93.2{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Range: 90.5 – 95.2{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Marketed in May

USDA Actual: 96{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Average Guess: 96{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Range: 91 – 98{0a3336b3da8cf935de4f3eb78fe29508c4b8b5ebd27d01af2d815614325d533e}

Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.6 million head on June 1, 2014. The inventory was 2 percent below June 1, 2013. 

Placements in feedlots during May totaled 1.91 million, 7 percent below 2013. Net placements were 1.81 million head. During May, placements of cattle and calves weighing less than 600 pounds were 435,000, 600-699 pounds were 290,000, 700-799 pounds were 477,000, and 800 pounds and greater were 710,000.

Marketings of fed cattle during May totaled 1.87 million, 4 percent below 2013. May marketings are the lowest for the month since the series began in 1996.  

Other disappearance totaled 101,000 during May, 1 percent above 2013.

“Overall I would call the report generally neutral,” said DTN Analyst Rick Kment, ” with placements, total cattle on feed and marketings near pre-report estimates and well within expected ranges.

“Live cattle and feeder cattle futures are likely to open steady to slightly lower Monday due to lack of bullishness from the report.”