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USDA Releases Cattle on Feed Report

USDA released the Cattle On Feed Report.

The inventory numbers were close to what market analysts expected.

United States Cattle on Feed Up 1 Percent

Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.6 million head on May 1, 2015. The inventory was 1 percent above May 1, 2014.

Placements in feedlots during April totaled 1.55 million, 5 percent below 2014. Net placements were 1.48 million head. During April, placements of cattle and calves weighing less than 600 pounds were 320,000, 600-699 pounds were 240,000, 700-799 pounds were 348,000, and 800 pounds and greater were 640,000.

Marketings of fed cattle during April totaled 1.64 million, 8 percent below 2014. April marketings are the lowest since the series began in 1996.

Other disappearance totaled 66,000 during April, 20 percent below 2014.

Source: USDA


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