Glacier FarmMedia COVID-19 & the Farm

Tight supplies drop U.S. April cattle placements

Chicago | Reuters — The number of cattle placed in U.S. feedlots last month fell five per cent from a year ago after prolonged drought in parts of the U.S. hurt crops, which led to fewer cattle for feedyards to draw from for fattening, a government report showed Friday.

The U.S. Department of Agriculture report showed April placements at 1.636 million head, down five per cent from 1.72 million a year earlier. Analysts, on average, had expected a 4.4 per cent decrease.

USDA put the feedlot cattle supply as of May 1 at 10.648 million head, down one per cent from 10.76 million a year earlier. Analysts polled by Reuters, on average, forecasted a decline of 0.9 per cent.

The government said the number of cattle sold to packers, or marketings, was down two per cent in April from a year earlier, to 1.778 million head. Analysts projected a drop of 2.4 per cent from 1.815 million last year.

Analysts expect Friday’s report to have a generally neutral impact on Chicago Mercantile Exchange live cattle futures on Monday.

— Reporting for Reuters by Theopolis Waters in Chicago.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2021 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.