US: USDA Aug. 1 Cattle on Feed report

Published 2024년 8월 26일

Tridge summary

The United States had 11.1 million head of cattle and calves for slaughter as of Aug. 1, 2024, slightly above the previous year, according to the USDA NASS report. Placements in feedlots in July were 6% higher than in 2023, at 1.70 million head. Marketings of fed cattle also increased by 8% compared to the previous year. However, other disappearance was 14% lower than in 2023. DTN Livestock Analyst ShayLe Stewart noted that the placement numbers were higher than expected due to ample feed resources and market incentives, as well as a 27% increase in Mexican feeder cattle imports. Despite the report, live and feeder cattle contracts traded higher on Monday.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 11.1 million head on Aug. 1, 2024. The inventory was slightly above Aug. 1, 2023, USDA NASS reported on Friday, Aug. 23. Placements in feedlots during July totaled 1.70 million head, 6% above 2023. Net placements were 1.65 million head. During July, placements of cattle and calves weighing less than 600 pounds were 390,000 head, 600-699 pounds were 265,000 head, 700-799 pounds were 385,000 head, 800-899 pounds were 387,000 head, 900-999 pounds were 200,000 head, and 1,000 pounds and greater were 75,000 head. Marketings of fed cattle during July totaled 1.86 million head, 8% above 2023. Other disappearance totaled 56,000 head during July, 14% below 2023. DTN ANALYSIS "Friday's Cattle on Feed report came out almost exactly as pre-report estimates forecast -- other than the placements category, of course," said DTN Livestock Analyst ShayLe ...

Source: Dtnpf