Cattle on Feed Estimates March 9, 2023

Allendale, Inc. Releases Cattle on Feed Estimates

CHICAGO, IL. (March 9, 2023) – The following are our estimates for the coming Cattle on Feed report.

February placements are expected -3.1% from last year at 1.796 million head. This February estimate would mark six months of placement declines. The prior five months of inflows averaged -5.0% from last year. February placements determine a part of August – November finished cattle supply. Kansas State University estimates cattle finished require a breakeven range from $157 for August finishers to $167 for October outflows.

Allendale anticipates a Marketing total in February -4.5% from last year at 1.743 million.

Total Cattle on Feed as of March 1 is estimated at 11.699 million, -3.8% from last year. This is the smallest total for this month in six years.

USDA CATTLE ON FEED REPORT

Allendale Estimate

  ON FEED MAR 1

 96.2

PLACEMENTS

                                 96.9

MARKETINGS

95.5

 

 

 

 

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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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.