Source: Rita Jane Gabbett, MEATINGPLACE, 8/26/19


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 Aug. 1, 2019. The inventory was slightly above Aug. 1, 2018. This is the highest Aug.  1 inventory since the series began in 1996.

Placements in feedlots during July totaled 1.71 million head, 2 percent below 2018.

According to the analysts in the Daily Livestock Report, published by Steiner Consulting Group, “Lower feeder cattle sales during July, lower imports, higher corn prices and good pasture conditions were all seen as factors contributing to lighter placements for the month.”

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.

Fed cattle marketings during July totaled 2.00 million head, 7 percent above 2018 and in line with analysts’ expectations.

Other disappearance totaled 71,000 head during July, up 13 percent from 2018.

For more stories, go to www.meatingplace.com.