The latest USDA Cattle on Feed report pegged the October 1 cattle on feed inventory at 11.449 million head, down 0.9 percent year over year. This is the first year over year decrease in the monthly on-feed inventory since December 2021. Among the largest feedlot states, on-feed totals in Texas and Nebraska remain higher year over year, up 3.3 and 3.8 percent respectively while feedlot totals are down in Kansas, 6.7 percent lower year over year and Colorado, down 5.3 percent from last year.
The quarterly breakdown of steers and heifers for October 1 showed that the number of steers on…
