his Friday, December 23 at 11:00 AM Central, USDA will release their monthly Cattle on Feed and Cold Storage reports. At the same time, they will release their quarterly Hogs and Pigs report. Allendale has relased their estimates for the three reports:
November Placements are expected to be 5.2% larger than last year at 1.685 million head. This would be the second smallest November placement since the data-series start in 1996. November placements supply the April through August slaughter period.
Allendale anticipates a Marketing total 11.3% larger than November 2015 at 1.705 million. This was the largest November marketing in four years. There was no calendar adjustment this month.
Total Cattle on Feed as of December 1 is 1.4% smaller than last year at 10.645 million. That is a decrease from the November 1 total that was +1.3% under one year ago.
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