After hitting a low price of $97.75 per cwt in mid-October, cash fed cattle prices rallied $13 per cwt by the end of November, a 12% increase.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on Oct. 1, 2010.
Placements in feedlots during May totaled 1.884 million head. This was as expected, up 9.6% compared to May 2015 and up 13.2% over previous month.
The monthly Cattle on Feed Report was released last Friday, June 24th, by the United States Department of Agriculture's National Agricultural Statistics Service (USDA, NASS). Numbers came in very similar to the a
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
The prospective plantings report was bearish for corn, which was good news for feedlot demand.
The USDA NASS Cattle on Feed report for May was released last Friday. For as large as the numbers are, it has the potential to be bullish.