US: USDA Feb. 1 cattle on feed report

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 11.7 million head on Feb. 1, 2023. The inventory was 4% below Feb. 1, 2022, USDA NASS reported on Friday. Placements in feedlots during January totaled 1.93 million head, 4% below 2022. Net placements were 1.87 million head. During January, placements of cattle and calves weighing less than 600 pounds were 405,000 head, 600-699 pounds were 420,000 head, 700-799 pounds were 540,000 head, 800-899 pounds were 402,000 head, 900-999 pounds were 100,000 head, and 1,000 pounds and greater were 65,000 head. Marketings of fed cattle during January totaled 1.85 million head, 4% above 2022. Other disappearance totaled 63,000 head during January, 2% below 2022. DTN ANALYSIS "Friday's Feb. 1 Cattle on Feed report is everything we expected it to be -- bullish, bullish, bullish," said DTN Livestock Analyst ShayLe Stewart. "Regardless of where you choose ...