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Cattle placements down, May 1st inventory record large
The USDA says 1.809 million cattle were placed into U.S. feedlots during April.
That’s down 1% on the year but still towards the upper end of pre-report estimates and comes as drought continues to impact pastures conditions in some of the major feeding areas and relatively high feed prices cut into producers’ bottom lines. About half of those cattle weighed between 700 and 900 pounds, heading to market in late summer or early fall.
April marketings were 1.893 million head, in-line with expectations and 2% below a year ago, and there were 11.967 million cattle on feed in the U.S. at the start of May, the largest May 1st inventory on record.
The industry will to monitor this month’s marketings along with beef demand and pasture conditions.
Comparisons for Brownfield states:
Iowa: Cattle on Feed: 590,000 head, down 6% from May 1st, 2021; Placements: 85,000 head, 14% lower than a year ago; Marketings: 93,000 head, 3% less than last year
Kansas: Cattle on Feed: 2.48 million head, up fractionally from May 1st, 2021; Placements: 430,000 head, 1% lower than a year ago; Marketings: 450,000 head, 3% more than last year
Minnesota: Cattle on Feed: 100,000 head, down 9% from May 1st, 2021; Placements: 14,000 head, 8% higher than a year ago; Marketings: 13,000 head, 24% less than last year
Nebraska: Cattle on Feed: 2.65 million head, up 5% from May 1st, 2021; Placements: 440,000 head, 4% higher than a year ago; Marketings: 440,000 head, 5% less than last year
South Dakota: Cattle on Feed: 220,000 head, down 6% from May 1st, 2021; Placements: 27,000 head, 25% lower than a year ago; Marketings: 35,000 head, 8% less than last year
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