U.S. Has More Cattle in Feedlots, More Going to Market vs. a Year Ago
DES MOINES, Iowa — The number of U.S. cattle being fed out to market weight jumped 1%, as of November 1 vs. a year ago.
On Friday, the USDA released its November Cattle-on-Feed Report.
The on-feed and placement numbers came in as expected by the trade.
Cattle and calves on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head totaled 11.8 million head on November 1, 2019. The inventory was 1% above November 1, 2018, according to USDA data.
Placements in feedlots during October totaled 2.48 million head, 10% above 2018.
Net placements were 2.42 million head. During October, placements of cattle and calves weighing less than 600 pounds were 600,000 head, 600 to 699 pounds were 540,000 head, 700 to 799 pounds were 517,000 head, 800 to 899 pounds were 475,000 head, 900 to 999 pounds were 230,000 head, and 1,000 pounds and greater were 115,000 head.
Marketings of fed cattle during October totaled 1.88 million head, 1% below 2018.
Cattle on feed are steers and heifers being fed a ration of grain, silage, hay and/or protein supplement for slaughter market that are expected to produce a carcass that will grade select or better. It excludes cattle being
backgrounded only for later sale as feeders or later placement in another feedlot.
Placements are steers and heifers put into a feedlot, fed a ration which will produce a carcass that will grade select or better, and are intended for the slaughter market.
Marketings are steers and heifers shipped out of feedlots to a slaughter market.