Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2018. The inventory was 6 percent above September 1, 2017, USDA reported Friday.
Listen to Jerry Stowell of Country Futures break down the report: http://bit.ly/2OP2uPO
This is the highest September 1 inventory since the series began in 1996.
Placements in feedlots during August totaled 2.07 million head, 7 percent above 2017. Net placements were 2.02 million head. During August, placements of cattle and calves weighing less than 600 pounds were 430,000 head, 600-699 pounds were 335,000 head, 700-799 pounds were 460,000 head, 800-899 pounds were 475,000 head, 900-999 pounds were 240,000 head, and 1,000 pounds and greater were 130,000 head.
Marketings of fed cattle during August totaled 1.98 million head, slightly above 2017.
Other disappearance totaled 55,000 head during August, 12 percent above 2017.
To view the full Cattle on Feed report, visit https://www.nass.usda.gov/…
|USDA Actual||Average Guess||Range|
|Cattle on Feed:|
|On Feed Sept. 1||106.0%||105.3%||104.2-105.9%|
|Placed in August||107.0%||104.0%||101.1-107.0%|
|Marketed in August||100.0%||100.1%||99.8-104.3%|