Page 10 - MWC 2-3-2022s

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