Released October 24, 2014
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.1 million head on October 1, 2014. The inventory was 1 percent below October 1, 2013. The inventory included 6.46 million steers and steer calves, up 1 percent from the previous year. This group accounted for 64 percent of the total inventory. Heifers and heifer calves accounted for 3.55 million head, down 3 percent from 2013.
Placements in feedlots during September totaled 2.01 million, 1 percent above 2013. Net placements were 1.94 million head. During September, placements of cattle and calves weighing less than 600 pounds were 460,000, 600-699 pounds were 340,000, 700-799 pounds were 437,000, and 800 pounds and greater were 770,000. For the month of September, placements are the second lowest since the series began in 1996.
Marketings of fed cattle during September totaled 1.68 million, 1 percent below 2013.
Other disappearance totaled 65,000 during September, 5 percent above 2013.
Boxed Beef - Prior Period Comparison
Volume - W/E Oct 24 - Negotiated - CH 112A Rib Ribeye Bnls Heavy
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Data for BeefBasis.com provided by USDA's Agricultural Marketing Service (AMS).
Jerry Gulke, president of the Gulke Group and Farm Journal’s Pam Fretwell discussed the events that helped the market to recover such as in the case for soybeans, a positive close for the week after a poor start.