Sep 17, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

USDA: Feedlots Boosted Cattle Purchases

January 24, 2014
Nebraska Feedlot
Feeder cattle purchased in December were up compared to the previous year.  

Jan. 24 (Bloomberg) -- U.S. feedlots unexpectedly increased the number of cattle purchased in December compared with a year earlier, a government report showed.

Feedlots placed 1.681 million head of cattle last month, 1 percent more than the 1.664 million bought in December 2012, the U.S. Department of Agriculture said today in a report. Thirteen analysts surveyed by Bloomberg News said that placements would decline 2.3 percent, based on the average estimate.

The feedlot herd totaled 10.6 million as of Jan. 1, down 5.4 percent from a year earlier. Analysts forecast a 6.2 percent drop.

Feedlot operators typically buy year-old animals that weigh 500 pounds (227 kilograms) 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 1.736 million animals to meatpackers last month, down 0.5 percent from a year earlier, the USDA said. Analysts projected a 2.3 percent increase, on average. Last month had one more weekday than December 2012.

See Comments

RELATED TOPICS: Beef, Fed Cattle, 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