USDA-NASS released the monthly Cattle on Feed report (Thursday April 18th). The count as of April 1 was up 2.0% (235,000 head) compared to a year ago.
For more graphics, from the main menu bar selcect "Key Graphs" and then "Cattle/Beef."
USDA agencies (ERS and FAS) recently released the monthly U.S. export and import data for February.
As of the February data, U.S. pork exports to China had not posted a year-over-year up-tick. Still, U.S. meat and poultry exports to that country are expected to increase this year due to African Swine Fever, which is dramatically reducing the Chinese hog herd.
For more February graphics on cattle/beef, etc., from the main menu bar select "Key Graphs" and then "International."
U.S. meat goats totaled 2.1 million head in the latest USDA-NASS Sheep and Goat Inventory report. Commercial goat slaughter increased over 3% for the last two years, early 2019 monthly data suggests 2019 could post similar increase.
Find out more about goat slaughter trends in this week's Livestock Monitor newsletter article below.
March 1st Hogs and Pigs show farrowing intentions nearly unchanged. However, should hog profitability improve as the futures market suggests, those intentions could increase.
Read more below in the article from the latest Livestock Monitor.
The economics behind the current cattle inventory cycle suggests that this cycle's downturn will be the most modest since the 1958-67 inventory cycle.
For more information, read this week's Livestock Monitor.
As of March 1st, USDA’s National Agricultural Statistical Service (NASS) estimated the U.S. hog population increased in-line with market expectations. All hogs were 2% above a year ago, composed of similar percentage increases for breeding and market hogs. The December 2018-February 2019 pig crop increased by 3% from a year earlier with sows farrowing up 2% and pigs per litter up 1%. Intended farrowings for the March-May quarter were pegged to be up 1% from a year earlier, and June-August farrowing intentions were close to unchanged from the same months in 2018.
The U.S. goat market warrants attention, but total meat goat inventory has struggled to rebuild to the levels seen pre-recession. The highest meat goat inventory reported was on January 1, 2008, at 2.6 million head. Since then inventories have been declining and in the most recent five years have been close to 2.1 million animals. Some states have seen significant increases in their meat goat population. The January 1, 2019 meat goat inventory by USDA-NASS reported year-over-year gains of 10% or in Arizona, Florida, and Washington. An additional six states had increases of 5% to 10%.
From one bottom to the next, the last 7 U.S. cattle inventory cycles have averaged 11.9 years (from 10 to 15 years). The most recent low point was the January 1, 2014 count (all cattle and calves totaled 88.5 million). After five consecutive years of cyclically larger U.S. cattle numbers (beginning with the January 1, 2015, count by NASS), the next few years of the current cycle may be unusual. The largest annual increase in the total U.S.
In The Cattle Markets