Market Closes - February 1, 2013

Posted on Feb 1, 2013
See below for today’s results for the Cattle Inventory report. Kentucky’s cattle herd is larger than a year ago in contrast to the U.S. and the surrounding states.

Corn Mar -4.5 736; Jly -4.5 729; Dec +1 592 Bean Mar +6 1474; Jly +6 1455; Nov +5 1332 Meal Mar +2 428; Oct +1.4 371   Oil +13 5299 Wheat Mar -14.5 765; Jly -15 778; Dec -11 804   KC -16 822;  MGE -13 852

LC Feb -52 12710; Apr -62 13217; Oct -35 13300 FC Mar -35 14920; Apr -45 15212; Aug -17 16007 LH Feb +5 8765; Apr -60 8875; Jly -35 9772 Milk Feb -2 1718; Mar +28 1726

Oats -1 359 Rice +5 1556

 US$ steady

Dow +149 14010 SP +15 1513 NAS +37 3179 Tran +53 5857 VIX -1.38 12.90 (-9.7%)    WTI +28 9777

Brent +95 11650 Gas -1 303 NG -4 330 HO +1 313 Eth +1 247 Gold +9 1669 Slvr +61 3196

5-yr +.011 0.886% 10yr +.031 2.017% 30yr +.046 3.221%

KENTUCKY CATTLE: http://www.nass.usda.gov/Statistics_by_State/Kentucky/Publications/Current_News_Release/jancattle.pdf

KENTUCKY SHEEP & GOAT: http://www.nass.usda.gov/Statistics_by_State/Kentucky/Publications/Current_News_Release/jansheep.pdf

January 1 U.S. Cattle Inventory Down 2 Percent    All cattle and calves in the United States as of January 1, 2013 totaled 89.3 million head, 2 percent below the 90.8 million on January 1, 2012. This is the lowest January 1 inventory of all cattle and calves since the 88.1 million on hand in 1952.

   All cows and heifers that have calved, at 38.5 million, were down 2 percent from the 39.4 million on January 1, 2012. This is the lowest January 1 inventory of all cows and heifers that have calved since the 36.8 million head in 1941.   • Beef cows, at 29.3 million, were down 3 percent from January 1, 2012.   • Milk cows, at 9.2 million, unchanged from January 1, 2012.

Other class estimates on January 1, 2013 and the change from January 1, 2012, are as follows:   • All heifers 500 pounds and over, 19.1 million, down 1 percent.   • Beef replacement heifers, 5.4 million, up 2 percent.   • Milk replacement heifers, 4.6 million, down 2 percent.   • Other heifers, 9.2 million, down 3 percent.   • Steers weighing 500 pounds and over, 15.8  million, unchanged.   • Bulls weighing 500 pounds and over, 2.1 million, down 2 percent.   • Calves under 500 pounds, 13.8 million, down 2 percent.   • Cattle and calves on feed for slaughter in all feedlots, 13.4 million, down 5 percent.   • The combined total of calves under 500 pounds, and other heifers and         steers over 500 pounds outside of feedlots was 25.5 million, up 1 percent.

 Calf Crop Down 3 Percent    The 2012 calf crop was estimated at 34.3 million head, down 3 percent from 2011. This is the smallest calf crop since the 33.7 million born during 1949. Calves born during the first half of 2012 are estimated at 25.0 million, down 3 percent from 2011.

Tagged Post Topics Include: Economics, Market updates