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.