Source: Michael Fielding, MEATINGPLACE, 8/22/16


USDA reported Friday that cattle on feed for feedlots with capacity of 1,000 or more head totaled 10.2 million head on Aug. 1. The inventory was 2 percent above Aug. 1, 2015, slightly more than what analysts were expecting.

Placements in feedlots during July totaled 1.57 million head, 2 percent above the same period one year ago. Net placements were 1.52 million head.

During July, placements of cattle and calves weighing less than 600 pounds were 352,000 head; 600-699 pounds were 235,000 head; 700-799 pounds were 360,000 head; and 800 pounds and greater were 625,000 head.

Marketings of fed cattle during July totaled 1.71 million head, 1 percent below 2015. Marketings were the lowest for July since the series began in 1996.

Other disappearance totaled 50,000 head during July, 11 percent below 2015.

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