Source: Rita Jane Gabbett, MEATINGPLACE, 6/24/19


USDA’s monthly Cattle on Feed reports showed cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on June 1, 2019. The inventory was 2% above June 1, 2018 and the highest June 1 inventory since the series began in 1996.

Placements in feedlots during May totaled 2.06 million head, 3% below 2018.

Net placements were 1.99 million head. During May, placements of cattle and calves weighing less than 600 pounds were 370,000 head, 600-699 pounds were 305,000 head, 700-799 pounds were 500,000 head, 800-899 pounds were 539,000 head, 900-999 pounds were 235,000 head, and 1,000 pounds and greater were 115,000 head.

Marketings of fed cattle during May totaled 2.07 million head, 1% above 2018.

Other disappearance totaled 72,000 head during May, which was 1% below 2018.

The estimates were in line with analysts’ pre-report forecasts.

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