Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 4/25/2016
U.S. CATTLE ON FEED UPDATE

The Cattle on Feed report was released April 22nd by USDA’s National Agricultural Statistics Service (NASS).  According to NASS, marketings were up 7.1% year-over-year for March.  To note, March of 2016 had one extra slaughter day than March of 2015.  When these marketings are put on a daily basis the 2016 marketing rate was 2.2% above 2015’s.  Additionally, the number of cattle on feed over 120 days dropped below year ago levels for the first time since June of 2014.  That indicates feedlots have increased their marketing rate, especially for heavier weight cattle, compared to


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MILK PRODUCTION UP SLIGHTLY DURING FIRST QUARTER

Dairy producers added 10,000 cows to the milking herd during March, keeping the size of the herd close to unchanged from twelve months earlier.  In March, milk cow productivity was up close to 2%, resulting in a similar gain for total milk production.  For the first quarter of the year, milk production was up 2.1%, aided by the additional day in February for Leap Year.


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BEEF AND PORK BYPRODUCT VALUES UP

Byproduct, drop value, offal; these all refer to the same products and represent an important and often overlooked revenue source for packers in both the beef and pork industries.  Cattle byproducts consist of cheek meat, hearts, livers, tripe, tongues, bone meal, tallow, hides, and several other products.  Hog byproducts have a similar list, with the addition of white grease and blood meal, being important.  These byproduct values are driven by international demand, as domestic use is relatively low.  U.S.


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