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.