December report shows decline in cattle placements, marketing
Michael Nepveux
USDA’s latest Cattle on Feed report shows the number of animals on feed as of December 1 is even with last year. The report provides monthly estimates of the number of cattle being fed for slaughter. For the report, USDA surveys feedlots of 1,000 head or more, as this represents 85% of all fed cattle. Cattle feeders provide data on inventory, placements, marketings and other disappearance.
November Cattle on Feed Report
This report showed a total inventory of 12.036 million head for the United States on December 1, up from the same time in 2019 and from last month. This lack of a year-over-year change is right in line with analysts’ expectations of feedlot inventories holding steady relative to last year.