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Morning Market Review for Dec 29, 2020 farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
-AFBF
The U.S. Department of Agriculture’s latest Cattle on Feed report, released Dec. 18, shows the number of animals on feed as of Dec. 1 is even with last year. The report provides monthly estimates of the number of cattle being fed for slaughter. For the report, USDA surveys feedlots of 1,000 head or more, as this represents 85% of all fed cattle. Cattle feeders provide data on inventory, placements, marketings and other disappearance.
This report showed a total inventory of 12.036 million head for the United States on Dec. 1, up from the same time in 2019 and from last month. This lack of a year-over-year change is right in line with analysts’ expectations of feedlot inventories holding steady relative to last year. Typically, December continues the fall buildup of animals after September lows, and it looks as if we are seeing this seasonality play out. After strong impacts from the pandemic in April and May, the number of cattle on feed has largely followed seasonal patte
Cattle numbers will be supportive in 2021 farmtalknewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmtalknewspaper.com Daily Mail and Mail on Sunday newspapers.