![]() The market's fundamentals are extremely clear - fewer beef cows in the market are contributing fewer calves and feeders to be had by both feedlots and packers."ĭTN subscribers can view the full Cattle on Feed reports in the Livestock Archives folder under the Markets menu. "All in all, Friday's COF report will likely be found neutral to somewhat bullish by market participants. Friday's placement data clearly tells the industry that there are starkly fewer cattle to be had. When one compares the placements of January 2023 to those of February 2023, the only two weight divisions that saw an increase in placements from a month ago were the 800-to-899 weights, and those weighing 900 to 999 pounds. Regardless of what weight division you look at (calves under 600 pounds, 600-699 weights, 700-799 weights, 800-899 weights, 900-plus weights), all divisions for cattle placed in February 2023 were lighter than that of February 2022. "What's most interesting and most invigorating and bullish about Friday's COF report is the placement data. 908 The Terrace, Hagerstown, MD 21742 - MLS MDWA2013816 - Coldwell Banker Home Maryland Real Estate Hagerstown Homes for Sale 908 The Terrace Hagerstown, MD 21742 379,000 Just Listed For Sale Active Single Family 2 Beds 2 Full Baths 3,970 Sq. With marketings not as aggressive as they were the previous year, which was largely due to reduced slaughter speeds, there's naturally going to be more cattle on feed than if processing speeds were still operating like they were in 2022. "It's not surprising to see Friday's on-feed number come in at 96% when some analysts predicted that the report could be as few as 94.2%. ![]() "It's likely that traders will find the report neutral to somewhat bullish as analysts' projections leading up to the report were spot on, but from a fundamental standpoint, one cannot argue the tremendous position this report puts cattle feeders and cow-calf producers in. ![]() "After this past week's worth of trade, Friday's Cattle on Feed report is exactly what traders needed to see," said DTN Livestock Analyst ShayLe Stewart. Other disappearance totaled 58,000 head during February, 2% below 2022. Marketings of fed cattle during February totaled 1.74 million head, 5% below 2022. ![]()
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