Allendale, Inc. Releases Cattle on Feed Estimates

For Immediate Release

Allendale, Inc. Releases Cattle on Feed Estimates

CHICAGO, IL. (May 11, 2023)The following are our estimates for the coming Cattle on Feed report.

April placements are expected -2.5% from last year at 1.918 million head. This estimate would mark eight months of placement declines averaging -4.4% from prior year. April placements determine a part of October – January finished cattle supply. Kansas State University estimates October – December finishing cattle require a $176 breakeven.

Allendale anticipates a Marketing total in April -10.0% from last year at 1.704 million. This included a sharp -4% adjustment due to calendar days vs. the prior year.

Total Cattle on Feed as of May 1 is estimated at 11.618 million, -2.9% from last year. This is the smallest total for this month in three years.

 

USDA CATTLE ON FEED REPORT

Allendale Estimate

  ON FEED May 1

 97.1

PLACEMENTS

                                        97.5

MARKETINGS

90.0

 

 

 

 

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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