Commodity Broker Talks Market Strategy

The number of cattle placed into U.S. feedlots in March was lower than a year ago as fresh stockings for the beef-industry pipeline begin to fall behind last year’s surge tied to severe drought conditions in the South.

The USDA reported 1.79 million animals were added to feedlots in March, a 6.4{fd15d42d1b024b97d6d50958be27cc8145b6addb99e015780abccf2984117bb0} decrease from last year.

The number of placements was modestly higher than expectations among analysts, who predicted 1.77 million head of young cattle were placed last month.

And the USDA put the number of cattle sold for slaughter, or marketings, last month at 1.92 million, down 3.6{fd15d42d1b024b97d6d50958be27cc8145b6addb99e015780abccf2984117bb0} compared to last year.

On April 20,2012, the Northern Ag Network’s Russell Nemetz interviewed Jim Bower with Bower Trading about the cattle and grain markets and how everyone is watching soybeans for direction. 

Source: DTN and Northern Ag Network

Posted by Northern Ag Network