Dan’s Cow-Calf Corner Industry Snapshot: USDA Cattle Inventory and Cattle on Feed Reports

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — Last Friday USDA released the July Cattle on Feed report. Feedlot placements in June were 1.8 million head, 102.1 percent of last year. June marketings were 1.97 million head, up 1.3 percent year over year. Both placements and marketings were close to pre-report expectations and no major market reaction is expected. The July 1 on-feed inventory was 11.44 million head, very close to year ago levels. The report also provided quarterly information about steer and heifer inventories in feedlots on July 1. Steers were fractionally higher than last year…

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