Allendale, Inc. Releases Cattle on Feed and Cold Storage Estimates November 10, 2022
For Immediate Release
Allendale, Inc. Releases Cattle on Feed and Cold Storage Estimates
CHICAGO, IL. (November 10, 2022) – The following are our estimates for the coming Cattle on Feed report.
October placements are expected -3.6% from last year at 2.164 million head. This would be the smallest October inflow in 10 years. It would be the second month of a changed placement pattern. The prior six months before these two averaged -0.6% year/year. October placements determine a part of April – September finished cattle supply. Kansas State University estimates cattle finished from April – June require a $154 breakeven.
Allendale anticipates a Marketing total in October +0.5% from last year at 1.797 million.
Total Cattle on Feed as of November 1 is estimated at 11.762 million, -1.6% from last year. This is the smallest total for this month in four years.
Cattle on Feed is estimated as a percentage of one year ago.
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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