Page 10 - MWC 2-3-2022s
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The Midwest Cattleman · February 3, 2022 · P10
                    DECEMBER CATTLE ON FEED
       By Josh Maples, Department of Agricultural Economics, Mississippi State University
         The latest  Cattle on Feed  percent for the same period.
      report  included  larger  than  Stronger feeder cattle prices
      expected placements of cat- likely contributed to higher
      tle on feed during December  placements during December
      2021.  This contributed to  than may have been expect-
      total cattle on feed number of  ed.
      just over 12 million head on          Marketings of fed cattle
      January 1, 2022, which is up  during December totaled
      0.6 percent over January 1,  1.86 million  head.  This  was
      2021. This total marked the  0.8 percent above December
      sixth highest cattle on feed  2020 – however there was
      inventory on record.               one less business day during
          Placements during De- December 2021. Using a daily
      cember 2021 totaled 1.96  average, live cattle market-                ed to be the trend in 2022.  timates, this report will pro-
      million head which is about  ings  were about  5 percent              Smaller calf  crops  recently  vide state-level estimates
      6.5 percent above place- higher in December 2021 as                   are expected to lead to lower  of cattle numbers. It is ex-
      ments      during     December compared to December 2020.             cattle on feed numbers as  pected that the report will
      2020. The biggest increase in         This report was slight-         we move through the year. It  show 2021 was a year of con-
      placements was seen in cat- ly bearish due to the larger              will be interesting to see how  traction in cattle supplies.
      tle weighing less than 700  number of cattle placed than              long cattle on feed numbers  This report will provide esti-
      pounds. Placements of this  expected. Live and feeder cat-            stay elevated.                    mates on how much the cow
      category were up 9.5  per- tle futures prices were down                 Looking ahead, the annu- herd declined and  in which
      cent compared to a year ago.  $1 to $2 per cwt  in today’s            al  Cattle inventory report  states or regions most of the
      Heavier placements (over  trading. However, declining                 will be released on January  liquidation occurred.
      800 pounds) were only up 1.7  cattle numbers are expect-              31.  Along with national es-

      EPA ON STANDBY                                                        BEEF EXPORTS
      continued from page 3                                                 continued from page 3             6% lower at $658.3  million.
                                                                                                              Through November, export
      — along with 21 states, var- once more:                               ready set a new annual record     volume fell slightly below
      ious businesses and interest          “Farmers and ranchers  through October, increased                 the record pace of 2020 at
      groups.                            share the goal of protect- more than $2.5 billion from               2.71 million mt. Export value
         Damien      Schiff,    Pacific ing the resources they’re  a year ago, soaring 39% to                 was $7.5 billion, up 7% from
      Legal Foundation Lawyer,  entrusted with, but they  $9.59 billion. Beef exports                         a year ago and rapidly ap-
      says the case is emblematic of  shouldn’t need a team of law- to South Korea, China/Hong                proaching the annual record
      the wrongdoings in the Clean  yers to farm their land,” he  Kong and Central  America                   of $7.71 billion set in 2020.
      Water  Act. Of the half-acre  says. “We call on EPA to push  already have set new annu-
      lot,  he says, “It lacks a  sur- pause on its plan to write a  al records for both
      face water connection to any  new WOTUS rule until it has  volume and value,
      stream, creek, lake or other  more guidance on which wa- while exports to
      water body, and it shouldn’t  ters fall under federal juris- Taiwan and the
      be subject to federal regula- diction.”                               Dominican        Re-
      tion and permitting.”                 On Dec. 7, 2021, EPA and  public            reached
         Zippy  Duvall, American  the Department of the Army  new value records.
      Farm Bureau Federation  announced a proposed rule                       Pork      exports
      (AFBF) president, comment- to revise the definition of the  totaled               237,547
      ed on the U.S. Supreme Court  “waters of the U.S.,” with in- mt             in    Novem-
      decision saying the group is  tent to reestablish the pre- ber,              down      8%
      pleased with the  WOTUS  2015 definition.                             from  a  year  ago,
      issue being taken up in court                                         while value was
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