August 23, 2014

Update: Cattle on Feed/Cold Storage Reports

August 19th, 2014

August Cattle on Feed & Cold Storage Results

Cattle on Feed Report
Last Month Estimate USDA Actual
On Feed  97.6  97.4 98.0
Placements  93.8  90.9 93.0
Marketings  98.2  92.5 91.0
Cold Storage
Last Month Estimate USDA Actual
Pork Stocks 537.717  512.493 529.250
Beef Stocks 357.759  342.168 366.549
*Cold Storage stocks are estimated – in million pounds while Cattle on Feed is estimated as a percentage compared to last year.

August Cattle on Feed & Cold Storage Report Estimates

July Placements are expected to be 6.4% lower than last year. This would be the lowest July placement since the history of the current data series (1996). USDA’s cattle feeding margin ended the month with a strong $170 per head profit on outgoing cattle (10 months in a row). Corn averaged $4.16 in Western Kansas in July ($4.68 in June, $3.73 in July 2013). July placements help supply the December through March slaughter period.

Allendale anticipates a Marketing total 6.4% lower than July 2013. There was no calendar day adjustment for this particular month.

Total Cattle on Feed as of August 1 now totals 2.2% under last year. That is a slight increase over the July 1 total of 2.4% under last year.

Allendale projects a 513 million lb. total pork stock level for the end of July. The five year average is 496 million lbs. for the end of July. Our estimate represents a decrease of 25 million lb. from the previous month. The five year average month to month change for July is a 33 million lb. decrease. Beef stocks, at 342 million lbs., are below the five year average of 434. This month’s number represents a 16 million lb. drawdown from the previous month. The five year average change is a 4 million lb. decrease.

Allendale is currently conducting our 25th Annual Producer Yield Survey. Producers make this survey a success year after year. If you can participate, give us a call at 800-262-7538 or visit us online at www.allendale-inc.com.

USDA Cattle On Feed Report for release on 8/22/2014 @ 2:00 PM

                                          ALLENDALE

On Feed July 1                              97.8

Placements                                  93.4

Marketings                                  92.4

 

USDA Cold Storage Report for release on 8/22/2014 @ 2:00 PM

                           Last       Last     ALLENDALE

                           Year      Month

Pork Stocks July 31      543.668    537.717      512.493

Beef Stocks              462.597    357.759      342.168

Cold Storage stocks are estimated – in million pounds while Cattle on Feed is estimated as a percentage compared to last year.

    MiddayWeather-Vane