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CME: Kansas Feedlots Market More Heifers in November 2018

15 January 2019

US - Kansas State University collects and provides a summary of Kansas Feedlots every month. Data for November was released last week showing a decline in the average daily gain for steers and heifers, according to Steiner Consulting Group, DLR Division, Inc.

Steers in Kansas feedlots typically see much higher rates of gains in November and December approaching nearly 4 lbs per day.

This year the last four months have hovered around 3.6 pounds per day. Heifer rates of gain were also stifled.

November showed heifers average daily gain of 3.24 pounds per day compared to 3.3 pounds per day last year.

Still, final closeout weights for steers climbed higher in November reaching 1444 lbs, 15 pounds heavier than last year.

Heifers also boasted higher closeout weights, topping November 2017 by 19 pounds. Initial weights for steers showed animals coming in 16 pounds lighter on average and spending 10 more days on feed than last year.

Heifers showed a different story and came into feedlots 20 pounds heavier than last year and spent four additional days on feed.

Weather likely played a role in the decreased performance seen in November. Reports of muddy feedlots has been covered by this publication and the data supports that feedlot performance did suffer in the month of November.

This added to the cost of gain just over $4 per cwt for both steers and heifers, compared to last year. Projected cost for placed this November was $8 per cwt higher than last year.

Kansas feedlots also marketed more heifers than steers in November 2018 (25,860 heifers vs. 25,312 steers). This is the first month since September of 2016, in what has become an uncommon occurrence.

In 2015 and 2014 heifers were marketed more regularly at a higher rate, but since the end of 2015 these are the only two months it has occurred.

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