July cattle placements seen lowest in history

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

July Placements are expected to be 6.4% lower than last year. This would be the lowest July placement since the history of the current data series (1996). USDA's cattle feeding margin ended the month with a strong $170 per head profit on outgoing cattle (10 months in a row). Corn averaged $4.16 in Western Kansas in July ($4.68 in June, $3.73 in July 2013). July placements help supply the December through March slaughter period.

Allendale anticipates a Marketing total 6.4% lower than July 2013. There was no calendar day adjustment for this particular month. 

Total Cattle on Feed as of August 1 now totals 2.2% under last year. That is a slight increase over the July 1 total of 2.4% under last year. 

Allendale projects a 513 million lb. total pork stock level for the end of July. The five year average is 496 million lbs. for the end of July. Our estimate represents a decrease of 25 million lb. from the previous month. The five year average month to month change for July is a 33 million lb. decrease. Beef stocks, at 342 million lbs., are below the five year average of 434. This month's number represents a 16 million lb. drawdown from the previous month. The five year average change is a 4 million lb. decrease. 

Allendale is currently conducting our 25th Annual Producer Yield Survey. Producers make this survey a success year after year. If you can participate, give us a call at 800-262-7538 or visit us online at www.allendale-inc.com


USDA Cattle On Feed Report for release on 8/22/2014 @ 2:00 PM


On Feed July 1                          97.8            

Placements                              93.4

Marketings                              92.4

USDA Cold Storage Report for release on 8/22/2014 @ 2:00 PM

                                Last        Last     ALLENDALE

                                Year       Month

Pork Stocks July 31            543.668   537.717      512.493

Beef Stocks                    462.597   357.759      342.168


Cold Storage stocks are estimated - in million pounds while Cattle on Feed is estimated as a percentage compared to last year.


Source: Allendale

Comments (0) Leave a comment 

e-Mail (required)


characters left

XUV 855 Power Steering

Combining power steering with diesel power, durability and toughness, the 30 MPH, 22.8 HP John Deere Gator XUV855D features updates that enhance ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight