USA: USDA July 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 11.3 million head on July 1, 2024. The inventory was 1% above July 1, 2023, USDA NASS reported on Friday. The inventory included 6.82 million steers and steer calves, up 1% from the previous year. This group accounted for 60% of the total inventory. Heifers and heifer calves accounted for 4.48 million head, up slightly from 2023. Placements in feedlots during June totaled 1.56 million head, 7% below 2023. Net placements were 1.51 million head. During June, placements of cattle and calves weighing less than 600 pounds were 365,000 head, 600-699 pounds were 255,000 head, 700-799 pounds were 350,000 head, 800-899 pounds were 349,000 head, 900-999 pounds were 165,000 head, and 1,000 pounds and greater were 80,000 head. Marketings of fed cattle during June totaled 1.79 million head, 9% below 2023. Marketings were the second lowest for June ...