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Cattle on feed total seen setting another record, even as growth slows

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The average guess for the number of cattle in the nation’s feedyards as of August 1 in Urner Barry’s monthly survey was 0.6% above a year ago, further whittling the larger year-on-year increases seen in April and May but still a record high for August.

 

The monthly on-feed report is scheduled for release at 14:00 US Chicago time (20:00 UK time) on Friday.

 

The August 1 on-feed number is predicted on average to be 11.160m head, down 325,000 head, or 2.8%, from the July figure of 11.485m.

 

The current record in the data series beginning in 1996 for August 1 on feed was set last year at 11.093m head.

 

The five-year average for the on-feed number is 10.323m head.

 

Placements forecasts

Placements of young cattle into the feedyards in July were predicted on average to be 0.5% below a year ago.

 

The range of guesses for placements was from 3.4% under to 8.5% over the year-ago figure.

 

The average of analysts’ projections for placements last month puts the number at 1.733m head, 7.8% above the five-year average.

 

The placement number in July last year was 1.742m head.

 

Marketings growth?

Marketings, or those shipped out for slaughter during the month, were predicted on average at 6.8% above a year ago.

 

The average guess for marketings projects a figure of 2.0m head, 12.6% above the five-year average.

 

July had one more weekday compared with a year ago.

 

Urner Barry, like Agrimoney, is owned by AgriBriefing.

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