USDA Cattle on Feed Report Summary

By DTN Staff

This article was originally posted at 2:06 p.m. CDT on Friday, Aug. 23. It was last updated at 2:30 p.m. CDT on Friday, Aug. 23.

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OMAHA (DTN) -- 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 August 1, 2019. The inventory was slightly above August 1, 2018. This is the highest August 1 inventory since the series began in 1996, USDA reported on Friday.

Placements in feedlots during July totaled 1.71 million head, 2% below 2018. Net placements were 1.63 million head. During July, placements of cattle and calves weighing less than 600 pounds were 360,000 head, 600-699 pounds were 260,000 head, 700-799 pounds were 410,000 head, 800-899 pounds were 385,000 head, 900-999 pounds were 200,000 head, and 1,000 pounds and greater were 90,000 head.

Marketings of fed cattle during July totaled 2.00 million head, 7% above 2018.

Other disappearance totaled 71,000 head during July, 13% above 2018.

"Total cattle on feed numbers are likely to be viewed as neutral, while placement numbers are likely to be viewed as slightly bullish," said DTN Analyst Rick Kment. "But given the extremely weak market structure, the numbers could cause additional softness through the complex."

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DTN subscribers can view the full Cattle on Feed reports in the Livestock Archives folder under the Markets menu. The report is also available at https://www.nass.usda.gov/….

	USDA Actual	Average Estimate	Range
On Feed August 1	100.0%	100.7%	100.5-102.0%
Placed in July	98.0%	100.0%	98.6-108.5%
Marketed in July	107.0%	106.8%	106.1-107.6%

(AG)

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