Cattle Outlook
Idaho Cattle on Feed Uup 7 percent
Cattle and calves on feed for the slaughter market in Idaho from feedlots with a capacity of 1,000 or more head on October 1, 2011 totaled 220,000 head, up 7 percent from the previous year, according to the National Agricultural Statistics Service
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Oklahoma Cattle on Feed unchanged
The Oklahoma inventory of cattle on feed for feedlots with capacity of 1,000 or more head, totaled 370,000 head on October 1, 2011, up 1 percent from the previous month, but unchanged from October 1, 2010.
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Colorado Cattle on Feed up 7 percent
The number of cattle and calves on feed for the slaughter market in Colorado feedlots with a capacity of 1,000 head or larger was estimated at 1,070,000 head as of October 1, 2011. The latest inventory was 8 percent above last month’s inventory and 7 percent above the October 1, 2010 inventory.
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Nebraska Cattle on Feed down slightly
Nebraska feedlots, with capacities of 1,000 or more head, contained 2.21 million cattle on feed on October 1, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office. This inventory was down slightly from last year.
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Kansas Cattle on Feed down 1 percent
The number of cattle on feed on October 1, 2011 in Kansas feedlots with 1,000 head or more capacity totaled 2.32 million head, down less than 1 percent from last year but up 5 percent from September 1, 2011. Placements during September totaled 500,000 head, down 2 percent from a year ago and down 4 percent from August 2011 placements of 520,000 head.
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Cattle Outlook: Cattle on feed report slightly bearish
USDA's October cattle on feed report was slightly bearish. It said that the number of cattle placed on feed during September was up 0.2% and marketings were up 0.6%, leaving the number on feed October 1 up 4.9% compared to a year earlier.
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Cattle imports revised lower—2.1 million head in 2011
Cattle imports through August from Mexico were 29 percent higher, year-over-year. Conversely, imports from Canada were 40 percent below a year earlier.
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Strong export growth continues to boost U.S. beef exports, imports tightened
U.S. beef exports through August are 27 percent higher, year-over-year. Strong growth continues to several major U.S. beef export markets, particularly Asia.
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Wholesale and retail price changes in the beef sector
Retail and wholesale beef prices do not change at the same rate or in proportion to each other. They move in response to changes in supply and demand.
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Beef Demand Appears To Slow
In wholesale markets, the spread between average monthly Choice and Select cutout values widened from a February 2011 low of $0.87 per cwt to a peak of $5.50 in June, then moved down to August’s $4.99.
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Cow-calf producers face difficult decisions for this winter
Crop progress for hard red winter wheat pasture in Texas and Oklahoma is well behind last year and the 5-year average, but, in Kansas, is only slightly behind last year and the 5-year average. Limited availability of wheat pasture will likely drive pasture rental rates higher than in recent years. The higher rates will constrain those stocker operators trying to capitalize on the anticipated demand for heavier-weight feeder cattle next spring. Recent rains have helped, but additional precipitation will be needed to maintain wheat pasture through the winter.
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- Michigan hay buyers should plan purchases early
- Post-tornado composting a solution for disposal of dead livestock
- New animal identification rules aid disease traceability
- Seven jobs more dangerous than farming
- Drought losses in Oklahoma top $400 million for 2012
- Corn and soybean prices continue to retrace 2012 drought rally



