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Cattle On Feed Report Neutral to Slightly Bullish.

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    Cattle On Feed Report Neutral to Slightly Bullish.

    Here is the link to the USDA report if anyone is interested.

    In this past Friday's January 20th 2012 USDA Cattle on Feed Report, cattle in US feedlots with a capacity of 1,000 or more head totaled 11.9 million head on January 1, 2012. This was 3% above January 2011, 2% below last month, and 1% below the average analyst estimate of 104%.

    Placements in feedlots during December totaled 1.68 million, 6% below 2010, 17% below last month, and in line with expectations. Net placements were 1.59 million head. During December, placements of cattle and calves weighing less than 600 pounds were 550,000, 600 - 699 pounds were 390,000, 700 - 799 pounds were 365,000 and 800 pounds and greater were 378,000.

    Marketings of fed cattle during December totaled 1.80 million, 2% below 2010, 1% above last month, and 1% higher than expectations of 97%.

    To view the full report, please click on the following link;

    [URL="http://usda01.library.cornell.edu/usda/current/CattOnFe/CattOnFe-01-20-2012.pdf"][/URL]

    Take care,

    Moe Agostino
    Farms.com Risk Management
    moe.agostino@farms.com
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