MARKET FLASH: Key Reports
Cattle Inventory Highlights
All cattle and calves in the United States as of January 1, 2020 totaled 94.4 million head, slightly below the 94.8 million head on January 1, 2019.
Cattle Inventory By State
The cattle inventory in the United States is at 94.413 million head in 2020, down 391,400 head from 2019.
Cattle On Feed
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.9 million head on February 1, 2020. The inventory was 2 percent above February 1, 2019.
Cattle Slaughter By State
The United States slaughtered 2.9 million head of cattle in January 2020, up 69.2K head from the same time last year.
Estimated Weekly Meat Production
Total red meat production under Federal inspection for the week ending Saturday, February 29, 2020 was estimated at 1073.6 million lbs. according to the U.S. Department of Agriculture's Marketing Service.
Export Sales Highlights
Net sales of 346,300 metric tons for 2019/2020 were down 46 percent from the previous week and 40 percent from the prior 4-week average.
Farms and Land in Farms Highlights
The number of farms in the United States for 2019 is estimated at 2,023,400, down 5,800 farms from 2018. Total land in farms, at 897,400,000 acres, decreased 2,100,000 acres from 2018.
Livestock Comments: Andrew Griffith
Fall calving producers should consider pregnancy evaluation this spring and market open animals on what is likely to result in a strong salvage value.
Commercial red meat production for the United States totaled 4.96 billion pounds in January, up 5 percent from the 4.70 billion pounds produced in January 2019.
Milk Production By State
Milk production in the 24 major States during January totaled 17.9 billion pounds, up 1.2 percent from January 2019. December revised production, at 17.5 billion pounds, was up 1.3 percent from December 2018.
With high pressure anchored over the eastern Pacific Ocean, storm systems bypassed California, Nevada, Arizona, and Utah, instead tracking either northward into the Pacific Northwest or southward across Baja California and into the southern Rockies.
National Feeder Cattle Report
The market was active, however the most activity remains on those light fleshed cattle under 600 lbs as there are many buyers trying to get these cattle bought.
National Grain Report
Compared to last week, cash bids for wheat were mostly lower; corn and soybeans were lower and sorghum were mixed.
Number of Farms By State
The number of farms in the United States in 2019 was estimated at 2.023 million, down 5,800 from 2018.
The cattle inventory in the United States in 2020 was at 94.413 million head. Texas has the most cattle in the United States followed by Nebraska and Kansas.
Ranking Of States With The Most Land In Farms
Texas had the most land in farms in the United States in 2019 followed by Montana and Kansas.
Ranking of States With The Largest Farms
The average farm size in the United States in 2019 was 444 acres, up 1 acre from 2018.
Ranking of States With The Most Farms
Texas had the most farms in the United States in 2019 followed by Missouri and Iowa. Texas had more farms than Missouri and Iowa combined.
Red Meat Production By State
Record High Red Meat, Beef, and Pork Production for January. The United States produced 4.96 billion pounds of red meat in January 2020, up 257.7 million pounds from the same time last year.
A storm system currently crossing the Ozark Plateau will drift northeastward and intensify, reaching the lower Great Lakes region at mid-week.
WASDE: Feed Grain Outlook
This month’s 2019/20 U.S. corn outlook is little changed relative to last month, with offsetting changes to exports and corn used for ethanol.
WASDE: Livestock, Dairy & Poultry Outlook
The 2020 forecast for total red meat and poultry production is raised from last month on higher forecast beef, pork, and broiler production.
WASDE: Oilseed Outlook
This month’s 2019/20 U.S. soybean outlook is for increased exports and lower ending stocks. Soybean exports for 2019/20 are projected at 1.825 billion bushels, up 50 million from last month partly reflecting increased imports for China.
WASDE: Wheat Outlook
The outlook for 2019/20 U.S. wheat is for stable supplies, increased exports, and decreased ending stocks.