- Weather & Grain Blogs
- AM Market Movers
- Market Commentary
- Technical Charts
- Fundamental Charts
- Marketing & Strategy Tools
- Change Your Profile
FREE Ag Tools
USDA Cattle On Feed Report for released on 11/21/2014 at 2:00 PM CST
|Allendale Estimate||NOV USDA|
|On Feed – Nov 1st||99.4||100.5|
USDA Cold Storage Report for released on 11/21/2014 at 2:00 PM CST
|Last Year||Last Month||Allendale Estimate||NOV USDA|
|Pork Stocks – Oct 31st||565.020||544.998||538.474||524.769|
*Cold Storage stocks are estimated – in million pounds while Cattle on Feed is estimated as a percentage compared to last year.
October Placements are expected to be 5.8% lower than last year. USDA’s cattle feeding margin ended the month with a $91 per head profit on outgoing cattle (13 months in a row). Corn averaged $3.52 in Western Kansas in October ($3.53 in September, $4.46 in October 2013). October placements supply the March through August slaughter period.
Allendale anticipates a Marketing total 6.1% lower than October 2013. There was no calendar day adjustment for this month.
Total Cattle on Feed as of November 1 now totals 0.6% under last year. That is a decrease over the October 1 total of 0.5% under last year.
Allendale projects a 538 million lb. total pork stock level for the end of October. The five year average is 531 million lbs. Our estimate represents a decrease of 7 million lb. from the previous month. The five year average month to month change for October is a 2 million lb. increase. Beef stocks, at 368 million lbs., are below the five year average of 426. This month’s number represents a 6 million lb. drawdown from the previous month. The five year average change is a 1 million lb. increase.
If you have any questions, please call Rich Nelson, Chief Strategist at 800-262-7538 or email firstname.lastname@example.orgFiled under Nelson's Notes, USDA Report Estimates | Comment (0)