Page 6 - MWC 10-6-2022s
P. 6

The Midwest Cattleman · October 6, 2022 · P6
                                                                                                  By Derrell Peel
      Feedlot Production and Cattle Slaughter Oklahoma State University

         The latest USDA Cattle on  seasonally in the fall but the  last year but the percentage  slaughter
      Feed report shows the Sep- increase this year is expected  of those cattle that were over  for the year
      tember 1 feedlot inventory  to be less than the record lev- 600 pounds has been much  to date is
      was 11.279 million head, 100.4  els last year.    August place- less than normal.   There are  offset by a
      percent  of  last  year.    Feedlot  ments in the cattle on feed  certainly        indications    that 4.9  percent
      inventories  typically  reach  a  report continued the trend of       more feeder cattle have been  increase in heifer slaughter.
      seasonal low in August or Sep- recent months of large place- marketed earlier and lighter  Total cow slaughter is up 5.6
      tember with the low occurring  ments of lightweight cattle  weight than usual.    The fall  percent so far this year, driven
      in  August in four of the last  with fewer heavy placements.   run of calves in October and  by a 13.4 percent increase year
      ten years and six times in Sep- August placements were 100.4  November should be notice- over year in beef cow slaugh-
      tember.  The September 2022  percent of last year.                    ably reduced this year.           ter.
      inventory was up 0.5 percent          In  the past  four months,        Marketings from feedlots in        Total cattle slaughter is
      from  August,  indicating  that  from May –  August, total  August were 106.4 percent of  up 1.8 percent year over year
      August was the low this year.   placements were down 0.6  last year.  There was one more  thus far in 2022, with female
      The  August low was 975,000  percent year over year with  business day in  August com- (cow  plus  heifer  slaughter)
      head lower, down 8.0 percent,  placements under 700 pounds  pared to one year ago which ac- accounting for 50.9 percent of
      than the record on-feed inven- up 5.3 percent and place- counts for part of the increase  total cattle this year.   Cattle
      tory in February 2022.             ments over 700 pounds down  but daily average marketings  slaughter and beef production
         Feedlot inventories grow  3.7  percent compared to  last  were higher by 1.7 percent  are projected to decrease year
                                              year.  Past placements of  year over year.  In the last four  over year in the fourth quar-
                                              lightweight cattle suggest  months, total marketings have  ter but higher than expected
                                              fewer cattle available for  been up by 1.7 percent over the  beef  production in the first
                                              placement going forward.  same period last year.                three quarters of the year like-
                                                 The feedlot placement        Both feedlot inventories and  ly mean that annual totals for
                                              patterns this year are  cattle slaughter have remained  beef production will be steady
                                              consistent  with  feeder  stubbornly high this year due  or fractionally higher year
                                              cattle marketing data.  In  to drought forced movement of  over year.  Feedlot production,
                                              Oklahoma, since July 1,  cattle out of the country.  Total  cattle slaughter and beef pro-
                                              the combined auction vol- fed cattle slaughter thus far in  duction are all expected to de-
                                              ume of feeder cattle has  2022 is up 0.8 percent as the  crease sharply in 2023.
                                              been 17.5 percent above  1.7 percent decrease in steer


                                                 CATTLE INDUSTRY CONVENTION
                                                 & NCBA TRADE SHOW

                                                 FEBRUARY 1-3, 2023                                           TEXT BEEF TO


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