There were no surprises in USDA’s latest “Cattle on Feed” report released Friday. USDA Livestock Analyst Mike McConnell said the numbers lined up pretty well with industry expectations.
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 September 1, 2023. The inventory was 2% below year-ago levels and in line with pre-report estimates.
USDA NASS
Placements in feedlots during August totaled 2.00 million head, 5% below 2022. Net placements were 1.95 million head. During August, placements…
