Cattle on Feed Report 07/25 14:05
By John Harrington
DTN Livestock Analyst
Actual Guess Range
Cattle On Feed:
On Feed Jul 1 98.0% 98.0% 96.0-99.0%
Placed in June 94.0% 96.0% 92.0-103.5%
Marketed in June 98.0% 98.0% 96.5-100.5%
The new monthly feedlot inventory appears to be well anticipated with all
three categories coming in close to expectations. The June placement total
was somewhat smaller than the average trade guess, but probably not enough
to influence futures when trade resumes on Monday.
Although June marketing was fits well with trade expectations, it does
represent a rather small total. In fact, last month's marketing represents
the lowest feedlot out-movement for the month since the series began in
The July 1 Cattle Inventory totaled 95 million head, 3% below January 1 of
2012. Remember, no report was issued in 2013 due to budgetary cuts. Beef
replacement heifers as of July 1 totaled 4.1 million head, down 2% from
The 2014 calf crop is estimated at 33.6 million, down 1% from 2013 and
down 2% from 2012.
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