May 16, 2022

Charlie Doodle

Unique Art & Entertainment

Reports paint picture of livestock trends

3 min read

Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.

The USDA released a Cattle on Feed report on Friday, Dec. 23. The numbers continue to paint the picture of cattle being pulled to feedlots earlier than a typical year.

Buyers are still favoring heavier feeders. Total cattle on feed was slightly lower than Dec. 1, 2020 at 12 million head. Placements were four percent higher than a year ago with cattle marketed five percent above November 2020.

Live Cattle and Feeder Cattle futures contracts did not react immediately, but were trading higher Tuesday and Wednesday. Christmas brought an expected drop in harvest numbers, with a more than 25 percent decrease at 488,000 head.

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