Owen scored twice, with Ryan Giggs adding another in first-half stoppage time as Manchester United romped to a 3-0 Carling Cup third-round win at Elland Road.
It means Owen has now scored 11 goals from his last 12 starts.
That the run dates back to October 2009 just shows how difficult the 31-year-old has found it to break through at United, a task that is only made harder following the return of Danny Welbeck from a hamstring injury.
“Michael Owen’s finishing was fantastic,” said Ferguson.
“His goal ratio is unbelievable. We are very pleased with him.
“Unfortunately for us he has had one or two injuries. But with me having Wayne Rooney, Dimitar Berbatov and Javier Hernandez he is not getting the games he deserves and that is unfortunate.”