World Perspectives
livestock

Cattle on Feed

The cattle on feed (COF) inventory as of 1 October set a record for the month at 11.4 million head, which was also the fifth consecutive new monthly record and the 21st month in a row that the total was larger than the year before.

As noted here prior to the report, September placements were expected to be 96.7-105 percent of last year, but all those guesses turned out to be too high. After four consecutive months of being larger than the previous year, this time they reached only 95 percent.

While there is a record cattle inventory, that growth is apparently starting to slow. The September-November placements are typically the heaviest of the year. Moreover, they were particularly strong last year with the September-December placemen...

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From WPI Consulting

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