Aug 30, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

Feedlots Bought 4.7% Fewer Cattle in March, USDA Says

May 2, 2014
BT Rotator Feedlot Mill 2
  
 
 

U.S. feedlots unexpectedly bought 4.7 percent fewer cattle in March than a year earlier, as herds declined in Texas, Oklahoma and Washington state, a government report showed.

Feedlots placed 1.795 million head of cattle last month, compared with 1.884 million in March 2013, the U.S. Department of Agriculture said today in a report. Fourteen analysts surveyed by Bloomberg News said that placements would climb 0.4 percent, based on the average estimate.

The feedlot herd totaled 10.86 million as of April 1, 0.6 percent less than a year earlier. Analysts projected the inventory on feed to rise 0.2 percent.

Feedlot operators typically buy year-old animals that weigh 500 pounds to 800 pounds, called feeders. The cattle are fattened on corn for about four to five months until they weigh about 1,300 pounds, when they are sold to meatpackers.

Feedlots sold 1.66 million animals to meatpackers last month, down 3.7 percent from a year earlier and the lowest for March in data going back to 1996, according to USDA. Analysts projected a 3.4 percent drop, on average.

See Comments

RELATED TOPICS: Fed Cattle, USDA, Cattle, Feedyard, Beef News

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions