Page 6 - MWC 8-11-2022s

The Midwest Cattleman · August 11, 2022 · P6
Drought Impacts Advancing Rapidly

By Derrell Peel - er decreases in placements
Oklahoma State over 700 pounds leading to
University an overall decline in place-
ments. Placements would
The July
Cattle Report have fallen faster without
confirmed the lightweight placements.
Increased lightweight place-
that the cu-
mulative effects of drought ments now mean that fewer
cattle will be available for
the past two years have ac-
celerated liquidation of the placement later.
The July Cattle on Feed re-
beef cattle herd. The July
1 inventory of all cattle and port also included the quar-
terly breakdown of steers and
calves was 98.8 million head,
down 2.0 percent year over heifers on feed, with steer in-
ventories down 1.1 percent
year.
The beef cow herd de- from last year but heifers
creased by 2.4 percent year on feed up 2.9 percent year
over year, a decline of 750,000 over year. Heifer slaughter
is up 3.9 percent for the year
head from last year to the steers (over 500 pounds) plus inventories, but the year over
current total of 30.35 million calves (under 500 pounds) year gap is declining. to date and this July heifer
inventory means that heifer
head. From the recent peak minus cattle on feed. The es- June feedlot marketings
in 2018, the July beef cow in- timated July 1 feeder supply were up 2.0 percent year over slaughter will continue large
in the second half of the year.
ventory has declined by 6.3 was down 2.7 percent from year. Placements in June
There are indications that
percent, or a total of 2.05 mil- last year. were down 2.4 percent from drought impacts have accel-
lion head. The July invento- The monthly Cattle on one year ago. This is the
ry of beef replacement heif- Feed report puts July 1 feed- fourth consecutive month of erated sharply in the south-
ern plains in July. The per-
ers was down by 3.5 percent lot inventories at 11.34 mil- lower feedlot placements. In
year over year. lion head, a scant 0.4 percent the past two months, place- cent of Oklahoma pastures
and ranges rated as poor to
Feeder cattle supplies are above last year. July, along ments have consisted of in- very poor jumped from 18
estimated from the sum of in- with every other month this creased numbers of cattle
ventories of other heifers and year has had record monthly under 700 pounds with sharp- continued on page 18
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