The USDA released its April Cattle on Feed Report last Friday and the numbers were outside of pre-report estimates. The total number of cattle on feed in feedlots with a capacity of 1,000 head or more totaled 11.8 million head on April 1, making it 1.5% higher than a year ago. While the total is higher than this time last year, it is less than pre-report estimates. March placements were 12.3% lower compared to March 2023, and again this was below average trade guesses.<\/p>\n\n\n\n
Fed Cattle marketed was also lower than expected, coming in at 14% below last year. The number of heifers and heifer calves in feedlots accounted for 4.56 million head (38.5%) of the on-feed total, which is 1% higher than last year but lower than last quarter\u2019s average.<\/p>\n\n\n\n
The report paints a picture of tightening fed cattle supplies in the months ahead. Fed cattle prices were $1 lower last week, with wholesale prices also lower. The Choice beef cutout averaged $297.44, making it $2.83 lower on the week. The weekly harvest estimate of 620,000 head was 17,000 more than the previous week and 5,000 below a year ago.<\/p>\n\n\n\n
Fed\u00a0cattle were steady to $1.00 lower. High Choice and Prime beef breed steers and heifers brought $173 to $179\/cwt, with a few instances of packages bringing $179 to $185\/cwt and some bringing $186 to $189\/cwt. Choice steers and heifers ranged from $163 to $173\/cwt, with mixed grading and those likely to grade Select bringing $150 to $163\/cwt. Holstein steers were mostly steady. High grading steers brought $156 to $166\/cwt, with reports of some from $166 to $170\/cwt and a few higher. Lower grading steers brought $127 to $156. Silage fed, under finished, or heavy dairy breed steers brought $75 to $125\/cwt. Dairy x Beef steers were lower, bringing $128 to $173\/cwt, with some higher.<\/p>\n\n\n\n
Cows were mixed but mostly lower. The bulk of the cows brought $90 to $115\/cwt with some to the upper $120s. Doubtful health and thin cows were bringing $89\/cwt and down.<\/p>\n\n\n\n
Dairy breed bull calves were steady. Most brought $200 to $400\/head with some heavier, well-managed calves selling to $600. Beef and Beef Cross calves were steady, selling to $900\/head with a few higher.<\/p>\n","protected":false},"excerpt":{"rendered":"