Unless I'm a retard, this looks pretty bearish no?
COF : 104
Placed: 110
Marketed: 106
herd up 4.6% from 2005
U.S. Cattle on Feed Up 5 Percent
Cattle and calves on feed for slaughter market in the
United States for feedlots with capacity of 1,000 or more
head totaled 10.9 million head on July 1, 2006. The
inventory was 5 percent above July 1, 2005 and 7 percent
above July 1, 2004. This is the second highest July 1
inventory since the series began in 1996. The inventory
included 7.09 million steers and steer calves, up 4
percent from the previous year. This group accounted for
65 percent of the total inventory. Heifers and heifer
calves accounted for 3.71 million head, up 5 percent from
2005.
Placements in feedlots during June totaled 1.95 million,
10 percent above 2005 and 18 percent above 2004. This is
the second highest placements for the month of June since
the series began in 1996. Net placements were 1.89 million.
During June, placements of cattle and calves weighing less
than 600 pounds were 565,000, 600-699 pounds were 430,000,
700-799 pounds were 456,000, and 800 pounds and greater
were 500,000.
Marketings of fed cattle during June totaled 2.20 million,
6 percent above 2005 and up 6 percent from 2004. This is
the second highest fed cattle marketings for the month of
June since the series began in 1996.
Other disappearance totaled 63,000 during June, unchanged
from 2005 but 10 percent below 2004.
COF : 104
Placed: 110
Marketed: 106
herd up 4.6% from 2005
U.S. Cattle on Feed Up 5 Percent
Cattle and calves on feed for slaughter market in the
United States for feedlots with capacity of 1,000 or more
head totaled 10.9 million head on July 1, 2006. The
inventory was 5 percent above July 1, 2005 and 7 percent
above July 1, 2004. This is the second highest July 1
inventory since the series began in 1996. The inventory
included 7.09 million steers and steer calves, up 4
percent from the previous year. This group accounted for
65 percent of the total inventory. Heifers and heifer
calves accounted for 3.71 million head, up 5 percent from
2005.
Placements in feedlots during June totaled 1.95 million,
10 percent above 2005 and 18 percent above 2004. This is
the second highest placements for the month of June since
the series began in 1996. Net placements were 1.89 million.
During June, placements of cattle and calves weighing less
than 600 pounds were 565,000, 600-699 pounds were 430,000,
700-799 pounds were 456,000, and 800 pounds and greater
were 500,000.
Marketings of fed cattle during June totaled 2.20 million,
6 percent above 2005 and up 6 percent from 2004. This is
the second highest fed cattle marketings for the month of
June since the series began in 1996.
Other disappearance totaled 63,000 during June, unchanged
from 2005 but 10 percent below 2004.