The latest USDA “Cattle on Feed” report was released on Friday Feb. 24, and it was largely in line with expectations. The total number of cattle on feed was down 4.1 percent from the prior year. Marketings were up 4.2 percent over the same number of slaughter days in January this year as last year. Placements were 3.6 percent smaller than the year before and were the smallest January placements since 2016.
Each year the February cattle on feed report includes data on the number of feedlots, inventory and marketings by size of feedlot. The report indicated there were 26,093 feedlots…
