Tridge summary
The U.S. inventory of cattle and calves in feedlots with a capacity of 1,000 head or more was 1% higher than the previous year, totaling 11.2 million head on Sept. 1, 2024. This increase is attributed to aggressive placements made earlier in the year. Placements in August were 1% lower than in 2023, with the majority of placements being heavier cattle. Marketings of fed cattle in August were 4% lower than the previous year, and other disappearances were 2% lower.
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 11.2 million head on Sept. 1, 2024. The inventory was 1% above Sept. 1, 2023, USDA NASS reported on Friday, Sept. 20. Placements in feedlots during August totaled 1.98 million head, 1% below 2023. Net placements were 1.92 million head. During August, placements of cattle and calves weighing less than 600 pounds were 395,000 head, 600-699 pounds were 305,000 head, 700-799 pounds were 435,000 head, 800-899 pounds were 485,000 head, 900-999 pounds were 265,000 head, and 1,000 pounds and greater were 90,000 head. Marketings of fed cattle during August totaled 1.82 million head, 4% below 2023. Other disappearance totaled 54,000 head during August, 2% below 2023. DTN ANALYSIS "Friday's Cattle on Feed report came out almost exactly as predicted, which likely means that traders will have little issue with the report on Monday," said DTN Livestock ...
Source: Dtnpf
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