USDA Actual Avg. Est. High Low
On Feed May 1 97 96.7{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 97.3{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 96.1{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4}
April Placements 102 102.2{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 107.5{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 98.4{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4}
April Marketings 99 100.1{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 101.0{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} 98.9{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4}
There were no surprises in Friday’s Cattle on Feed report. The effect on Monday’s futures trade should be neutral.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.5 million head on May 1, 2010. The inventory was 3 percent below May 1, 2009.
Placements in feedlots during April totaled 1.63 million, 2 percent above 2009. Net placements were 1.54 million head. During April, placements of cattle and calves weighing less than 600 pounds were 365,000, 600-699 pounds were 300,000, 700-799 pounds were 469,000, and 800 pounds and greater were 495,000.
Marketings of fed cattle during April totaled 1.85 million, 1 percent below 2009.
Other disappearance totaled 89,000 during April, 29 percent above 2009.
Source: DTN AgDayta
Reposted with DTN permission by Kaci Switzer
