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CATTLE ON FEED CATTLE ON FEED

Cattle marketings in April posted an increase of 10.1% to 1.872 million head. Analysts were expecting a large increase with the pre-report estimates averaging an increase of...

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BUTTER PRICES BUTTER PRICES

Butter prices averaging $2.70 per pound versus $2.37 a year ago are pulling more milk into “the churn” with butter production during the winter quarter up 5%. Assumptions pertaining to butter demand over the rest of this year imply...

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KSU FEEDLOT KSU FEEDLOT

In the Kansas State University monthly Kansas feedlot performance and feed cost data, the number of days on feed for a steer was reported at 206 days in April, which is up 25 days from 181 days in January. A year ago in April...

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Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 5/31/2024


CATTLE ON FEED

Cattle marketings in April posted an increase of 10.1% to 1.872 million head. Analysts were expecting a large increase with the pre-report estimates averaging an increase of 9.8% with a range of up 8.6% to 10.7%. The main factor playing into the large number of cattle marketings was the number of slaughter days in April. Due to when holidays fell during the first four months of the year, April ended up having two extra slaughter days. Cattle placements were down 5.8% from last year to 1.656 million head. Pre-report estimates indicated that analysts were expecting placements to be down 5.6%, on average, but the range of estimates was wide, ranging from down 13.5% to up 4.5%.


DAIRY MARKET OUTLOOK UPDATE

Dairy market projections have been updated to reconcile recent trends in dairy markets and market conditions tangential to the dairy market outlook. Milk production during the January-March quarter came in slightly above (1%) expectations. Dairy cow numbers did not fall as much as expected from late 2023, and milk cow productivity exceeded the forecast slightly. The US all milk price received by farmers during the first quarter of the year was on target with the forecast even with the larger supply.


KSU FEEDLOT

In the Kansas State University monthly Kansas feedlot performance and feed cost data, the number of days on feed for a steer was reported at 206 days in April, which is up 25 days from 181 days in January. A year ago in April, the number of days on feed for a steer was 190. The number of days on feed for heifers increased from 178 days in January to 191 days in May, compared to 170 to 186 days during the same period last year.

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