- Summed up in one word YUCK
- Rains in South America
- Lack of rains here in the U.S.
- Beans back to pre-report prices
- Basis to remain unchanged-short term
- Cattle welcomed lower corn
The January cattle on feed report showed an increase in cattle placed into feedlots and cattle marketed out of feedlots. The total number of cattle on feed was relatively unchanged from a year ago.
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on January 1, 2021. The inventory was slightly above January 1, 2020. The inventory included 7.40 million steers and steer calves, up slightly from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.57 million head, down slightly from 2020.
Placements in feedlots during December totaled 1.84 million head, 1 percent above 2020. Placements were the second highest for January since the series began in 1996. Net placements were 1.78 million head. During December, placements of cattle and calves weighing less than 600 pounds were 460,000 head, 600-699 pounds were 435,000 head, 700-799 pounds were 425,000 head, 800-899 pounds were 317,000 head, 900-999 pounds were 110,000 head, and 1,000 pounds and greater were 95,000 head.
Marketings of fed cattle during December totaled 1.85 million head, 1 percent above 2020. Marketings were the second highest for January since the series began in 1996.
|January Cattle on Feed||January 2021||Est.||Range of Estimates|
Jerry Stowell with Country Futures breaks down the full report here:
Kyle Bumsted joins the Fontanelle Final Bell on Thursday to talk all aspects of the cattle market. Despite grains trying to make some gains on the day live cattle and feeder cattle futures continued higher. Bumsted points out how April live cattle have continued to test the $120 mark and have continued to steadily move higher. Calendar spreads in the live cattle though bear watching according to Bumsted with most near long term lows.
Although futures have continued higher the cash market has hit a stale mate as feeders market cattle near steady to last week. This comes as holding cattle for a better market is unprofitable given the recent rally in corn and feedstuffs. Bumsted also highlights why it may not be corn that is directly impacting the feeder cattle futures, but rather the live cattle futures.
Bumsted not only looks at the feeder cattle futures, but also looks at the cash market. Bumsted believes the volume of feeders headed to town will slow down in the coming weeks as both buyers and sellers hold off until closer to grass season. Fly weight cattle continue to be popular at feeder sales due to the multiple marketing avenues available to the buyer and less capitol required.
You can listen to the full conversation with Kyle Bumsted here:
Brad Kooima looks at the cattle market one year apart, the formula cattle coming out of the south & the long term we are seeing in this market.
- Why the down markets the past two days?
- What is the takeaway?
- What’s going on in SA weather & their crops
- Latest with wheat, but they are pulled down by corn & beans
- Are there more export taxes being talked about?
- Money supply in the long term
- Cattle futures disappointed in Texas trade
- Hogs pushed some green on the screen
- Input cost worries?
- Tough day in the grains with lower prices
- Huge news week in the U.S. & globally
- With all this outside influence how is that effecting our markets
- What goes up has to come down once & awhile
- Mixed livestock cattle trade
- Lower hogs
- WASDE Report
- How did the USDA get to those USDA numbers?
- What will the overnight & Wednesday trade be like?
- Corn/Bean/Wheat info
- How will livestock continue to react?
- Cattle market still has the chance to go higher
- First full week of trading in ‘21-what’s the feel of the cash
- Big outside day on Monday
- How does livestock react to higher grains?
- Macro markets-how are they playing a role in the trade?
- Huge cash feeder movement the next couple of weeks?
- Dollar on the trade
- Hogs have some money positions moving…how does that effect front month?
- Cheep meat at the counter
A five-part mini-documentary series on raising cattle in America begins on Sunday, January third, and a new episode will debut every Sunday night in January. The series is called “A Rare Breed: Legacies of Excellence,” and it will launch on the Certified Angus Beef Brand Cattlemen Connection YouTube channel.
The new segments premiere at 6 p.m. central time on Sunday nights. Interested people can follow along as the short videos introduce registered cattle breeders, commercial cattlemen, and cattle feeders from Oregon to Texas. It’s a chance to glimpse a little of their family life and cattle philosophy, as well as get new ideas for your operations.
“As we visit with some good cattlemen and women across the country, we often think ‘I wish everyone could see this or hear that,’” says Miranda Reiman, director of producer communications for the Brand. “We get to know their history, their cattle, and their drive, and we hope others will find them to be as entertaining and inspiring as we did.”
To watch the series, people can follow the CAB Cattlemen Connection channels on Facebook, Instagram, or YouTube, or go to www.CABcattle.com. Families from Kansas, Idaho, Texas, Nebraska, and Oregon make up the January lineup.
A new analysis of independent data for November shows that reported new COVID-19 infection rates among meat and poultry workers were more than eight times lower than the general population.
Data from the Food and Environment Reporting Network says the meat and poultry sector reported an average of 5.57 new cases per 10,000 workers daily in November. Infection rates among meat and poultry workers have declined steeply in the last six months while surging across the U.S. The New York Times reports that during the same period, the average new case rate for the U.S. population was 45.36 cases per 100,000 people per day.
The analysis follows a Centers for Disease Control decision this month to prioritize vaccinating frontline meat and poultry workers. Meat Institute President and CEO Julie Anna Potts says, “This new analysis is encouraging evidence that the more than $1.5 billion in comprehensive protections implemented since the spring have reversed the pandemic’s impact on the selfless men and women who keep America’s refrigerators full and the farm economy working throughout COVID-19.”