USA: USDA May 1 cattle on feed report

Published May 27, 2024

Tridge summary

The article reports on the USDA NASS's Cattle and Calves on Feed for slaughter report for May 1, 2024, which was released on Friday, May 24. The total inventory was 1% lower than the previous year, at 11.6 million head. Placements in feedlots were 6% lower than in 2023, at 1.66 million head, with marketings being 10% higher, at 1.87 million head. The report was viewed as bullish for the cattle market due to lower on-feed numbers and fewer placements compared to the previous year, but increased marketings and more placements in certain weight divisions and states compared to the previous month.

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

Original content

This article was originally published at 2:04 p.m. CDT on Friday, May 24. It was last updated with additional information at 2:34 p.m. CDT on Friday, May 24. ** 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 11.6 million head on May 1, 2024. The inventory was 1% below May 1, 2023, USDA NASS reported on Friday. Placements in feedlots during April totaled 1.66 million head, 6% below 2023. Net placements were 1.60 million head. During April, placements of cattle and calves weighing less than 600 pounds were 335,000 head, 600-699 pounds were 220,000 head, 700-799 pounds were 375,000 head, 800-899 pounds were 451,000 head, 900-999 pounds were 205,000 head, and 1,000 pounds and greater were 70,000 head. Marketings of fed cattle during April totaled 1.87 million head, 10% above 2023. Other disappearance totaled 56,000 head during April, 10% above 2023. DTN ANALYSIS "Friday's Cattle on Feed ...

Source: Dtnpf