Mike Pearson talks about the February edition of the cattle on feed report produced by the USDA.
The report only counts the cattle in feedlots with 1,000 head. The report shows 11.8 million cattle and calves on feed. It’s important to note that many cattle don’t get counted because the producer has less than 1,000 cattle.
The 11.8 million was an uptick from 2023 and was a little higher than what analysts were projecting.
The total placements were down 7 percent from last year. 1.79 million head showed an overall decline but this matched the decline of the overall beef herd.
Overall, 370,000…
