Sorry, you need to enable JavaScript to visit this website.

March Cattle Supply Update

Published on: 16:19PM Mar 23, 2009
On Friday the USDA released their estimate for the March 1st US cattle on feed inventory which was 5.3% less than last year and the smallest for the date since 2004.  Cattle placements into feedlots during February were 2.6% less than last year but had the best per day placement since 2005.  (February 2008 had 29 days).  Cattle were placed at an average weight 2 lbs. less than February 2008.  The April 1st near slaughter ready cattle on feed inventory is estimated to be 7.1% smaller than the 3 year average.  Tighter cattle supplies are expected to persist into the summer which is bearish for beef production.  We can help you forecast, contract, and execute futures for your principal commodity products.  If you would like to learn more call 888-423-4411.
 
Cattle are typically placed on feed for roughly 150 days before coming to slaughter.  The cattle on feed inventory is a good barometer of forthcoming beef production levels.     
cof123.GIF
These comments and data are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorney’s fees and lost profits or savings) in any way due to, resulting from, or arising in connection with this email, including it’s content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. “Covered Parties” is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies.Commodity trading involves risks, and you should fully understand those risks before trading.