Cattle on Feed Report 09/20 14:05
USDA Actual Average Estimate Range
On Feed Sept. 1 99.0% 99.4% 98.5-100.0%
Placed in August 91.0% 94.5% 88.9-97.8%
Marketed in August 98.0% 98.4% 97.6-98.8%
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 11.0 million head on September 1, 2019. The
inventory was 1% below September 1, 2018, USDA reported on
Placements in feedlots during August totaled 1.88 million head,
9% below 2018. Net placements were 1.82 million head. During
August, placements of cattle and calves weighing less than 600
pounds were 385,000 head, 600-699 pounds were 300,000 head, 700-
799 pounds were 424,000 head, 800-899 pounds were 440,000 head,
900-999 pounds were 230,000 head, and 1,000 pounds and greater
were 105,000 head.
Marketings of fed cattle during August totaled 1.95 million
head, 2% below 2018.
Other disappearance totaled 61,000 head during August, 11% above
"There's no argument that Friday's Cattle on Feed report came
back bullish," said DTN Livestock Analyst ShayLe Stewart. "The
only figure that was above September 2018 standards was
cattle/calves on feed and only by a mere 1%."
"Placements coming in even lower than analysts' projects goes to
show just how much effect the Tyson packing plant fire had on
the industry. Very few cattle traded, and most cattlemen found
it easier to keep their pens full than try to sell pens on a
down and volatile market."
ShayLe Stewart can be reached at email@example.com
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