Cattle on Feed Report 05/24 14:05
USDA Actual Average Guess Range
Cattle on Feed:
On Feed May 1 102.0% 103.1% 102.3-103.8%
Placed in April 109.0% 114.4% 109.7-118.9%
Marketed in April 107.0% 106.6% 105.9-107.1%
OMAHA (DTN) -- Cattle and calves on feed for the slaughter
market in the United States for feedlots with capacity of 1,000
or more head totaled 11.8 million head on May 1, 2019. The
inventory was 2% above May 1, 2018. This is the highest May 1
inventory since the series began in 1996, USDA reported Friday.
Placements in feedlots during April totaled 1.84 million head,
9% above 2018. Net placements were 1.78 million head. During
April, placements of cattle and calves weighing less than 600
pounds were 355,000 head, 600-699 pounds were 250,000 head, 700-
799 pounds were 447,000 head, 800-899 pounds were 495,000 head,
900-999 pounds were 210,000 head, and 1,000 pounds and greater
were 85,000 head.
Marketings of fed cattle during April totaled 1.93 million head,
7% above 2018.
Other disappearance totaled 60,000 head during April, 5% below
"Even though these numbers continue to show growing inventory,
on-feed levels and placed cattle numbers are well below
estimated levels," said DTN Analyst Rick Kment. "This is
expected to result in mixed trade direction Tuesday with
increased inventory quickly offset by traders' anticipation of
an even more bearish report. Cattle marketed through the month
of April increased 7%, which beat pre-report estimates, focusing
on continued aggressive product movement and demand support."
DTN subscribers can view the full Cattle on Feed report in the
Livestock Archives folder under the Markets menu. The report is
also available at https://www.nass.usda.gov/.
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