Cattle on Feed and Cold Storage Estimates July 14, 2022

For Immediate Release

Allendale, Inc. Releases Cattle on Feed and Cold Storage Estimates

CHICAGO, IL. (July 14, 2022) – The following are our estimates for the coming Cattle on Feed and Cold Storage reports.

June placements are expected -4.6% from last year at 1.594 million head. This would be the lowest June inflow in six years. June placements supply a portion of the December through March finished cattle supply. Kansas State University estimates cattle finished in those months require a $147 breakeven.

Allendale anticipates a Marketing total in June +1.4% from last year at 2.050 million. This is the largest marketing for June in 11 years.

Total Cattle on Feed as of July 1 is estimated at 11.332 million, +0.4% from last year. This is the second largest July 1 total of the current data series.

 

USDA CATTLE ON FEED REPORT

Allendale Estimate

  ON FEED JUN 1

 100.4

PLACEMENTS

                               95.4

MARKETINGS

101.4

 

 

 

Cattle on Feed is estimated as a percentage of one year ago.

Allendale projects a 541 million lb. total pork stock level for the end of June. The five-year average is 528 million lbs. Our estimate represents a decrease of 2 million lb. from the previous month. Over the past five years June averaged a 26 million decrease. Beef stocks, at 506 million lbs., are over the five-year average of 420. This month’s estimate represents a decrease of 14 million lbs. from the previous month. The five-year average for this month is for a 3 million decrease.

USDA COLD STORAGE

Last Year

Last Month

Allendale Estimate

PORK STOCKS JUN 30

441.916

543.079

540.831

BEEF STOCKS

401.515

519.833

505.578

 

Cold Storage is reported in million lbs.

For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.

 

 

 

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Allendale, Inc.
4506 Prime Parkway
McHenry, IL 60050

1.800.2MARKET
1.800.551.4626
Local: 815.578.6150
Fax: 815.363.5511
service@allendale-inc.com
©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.

Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.