May COF report shows inventory up, placements higher than expected
AFBF Market-Intel, Michael Nepveux, EconomistMay 24, 2021Agriculture News
AP, Columbus, NE
WASHINGTON, DC – USDA’s latest Cattle on Feed report, released May 21, shows the number of animals on feed as of May 1 is 4.7% above year-ago levels. It is important to remember that due to COVID-19 disruptions last year, typical year-over-year comparisons need to be contextualized.
May Cattle on Feed Report
The report showed a total inventory of 11.725 million head in the United States on May 1, up from the same time in 2020 but down from last month, and down 0.7% from 2019. This 4.7% increase is a bit above analysts’ expectations of feedlot inventories increasing 3.9% from last year. The report marks the second-highest May inventory since the series began in 1996.
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Avivagen Selects Meyenberg International Group to Spearhead Expansion Efforts in Central and South America | 0 Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that enhance feed intake and safely support immune function, thereby supporting general health and performance, is pleased to announce that it has chosen Meyenberg International Group to lead expansion efforts in key regions in Central and South America. Meyenberg has been critical to Avivagen’s recent success in Mexico and will begin by overseeing the process to seek registrations for OxC-beta Livestock in Costa Rica, Colombia, Peru, Uruguay and Argentina.