Mid Year Cattle Inventory


USDA released their mid-year (July) inventory report for cattle. The report does not provide data on individual states. Compared to July 2011 inventories, all cattle and calves in the U.S. were lower by 2.2% at 97.8 million head. In the more comprehensive January 1 inventory report, the total number of all cattle and calves was down 2.1% so very similar to the current value. The January report also pointed to a potential beef herd expansion as beef heifers held for replacement were up 1.4%. As a result, much anticipation surrounded the current report for further signs of this trend. Heifers held for replacement were even with July 2011, so it is tough to know if an expansion is on the horizon. The current drought conditions across roughly 80% of the U.S. will most likely keep expansion in check for the remainder of 2012. The number of calves and feeders are down in this July report, similar to January, which are largely a result of last year’s liquidations and culling in the southwestern U.S. since this survey was conducted prior to the explosion of this year’s dry conditions. The rest of the inventory is summarized below.

 

  No. of Head (1,000) % change from 2011 Pre-Report –
Inventory on Jul. 1, 2012 for: Average Range
  All cattle & calves 97,800.0 97.8% 98.6% 97.9% 99.5%
  Annual calf crop 34,500.0 97.7% 98.4% 98.0% 99.2%
             
 Total cows/heifers that have calved 39,700.0 97.8% 98.4% 97.8% 99.5%
  beef cows/heifers that have calved 30,500.0 97.1% 97.9% 97.1% 99.0%
  milk cows/heifers that have calved 9,200.0 100.0% 100.3% 99.7% 101.0%
 Heifers 500 pounds and over 15,700.0 98.1% 99.3% 98.7% 100.0%
  beef replacement heifers 4,200.0 100.0% 101.3% 100.6% 102.4%
  milk replacement heifers 4,100.0 97.6% 99.5% 98.8% 100.0%
  other heifers 7,400.0 97.4% 98.3% 96.7% 101.0%
 Steers 500 pounds and over 14,000.0 98.6% 99.2% 98.2% 100.0%
 Bulls 500 pounds and over 1,900.0 95.0% 97.1% 95.0% 99.0%
 Calves under 500 pounds 26,500.0 97.4% 97.9% 97.3% 98.5%
Cattle on Feed 12,300.0 100.8%        
Source: USDA, NASS            

 

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