Cattle placements up 4% on year
The USDA says there were more cattle placed into feedlots in November 2021 than November 2020.
Placements were 4% above a year ago at 1.971 million head, with a wide range of estimates heading into the report because of increased marketing rates due to drought conditions in some of the major U.S. feeding areas. Most of the cattle placed weighed less than 800 pounds, heading to market next spring and early next summer. By weight, placements of cattle weighing less than 600 pounds were 565,000 head, 600 to 699 pound placements were 485,000 head, and 700 to 799 pound placements were 405,000 head, while placements of cattle weighing 800 to 899 pounds were 296,000 head, 900 to 999 pound placements were 130,000 head, and placements of cattle weighing 1,000 pounds and over were 90,000 head.
November marketings were 5% higher at 1.873 million head, the highest for the month since the series of reports started in 1996, as prices surged higher and feedlots sold-off ready numbers.
The total number of cattle and calves on feed in the U.S. was 11.985 million head, slightly below a year ago.
Near-term, the numbers look supportive and while long-term outlook could be bearish because of those placements, that will depend at least partially on post-holiday demand signals.
Year-to-year changes for Brownfield states:
Iowa: On feed: 610,000 head, unchanged from December 1st, 2020; Placements: 94,000 head, 15% higher than a year ago; Marketings: 92,000 head, 2% more than last year
Kansas: On feed: 2.48 million head, down 1% from December 1st, 2020; Placements: 435,000 head, 5% higher than a year ago; Marketings: 455,000 head, 7% more than last year
Minnesota: On feed: 105,000 head, down 16% from December 1st, 2020; Placements: 16,000 head, 7% higher than a year ago; Marketings: 15,000 head, 7% more than last year
Nebraska: On feed: 2.58 million head, up 2% from December 1st, 2020; Placements: 490,000 head, 7% higher than a year ago; Marketings: 455,000 head, 10% more than last year
South Dakota: On feed: 2.88 million head, down 1% from December 1st, 2020; Placements: 62,000 head, 22% lower than a year ago; Marketings: 56,000 head, 6% more than last year
12-23-2021 – USE BY 12-27-2021
RED MEAT PRODUCTION
The USDA says red meat and beef production for November were record large.
Beef was reported at 2.4 billion pounds, 5% above a year ago, with a 6% increase in slaughter canceling out a five-pound decrease in the average live weight.
Pork came out at 2.4 billion pounds, slightly higher, with the slaughter up 1% and the average live weight down three pounds.
Red meat production for November totaled 4.8 billion pounds, a year-to-year rise of 2%, with the year-to-date total at 51 billion pounds, slightly ahead of 2020’s record pace.