World Perspectives
livestock

Livestock Round Up: Cattle on Feed Preview

USDA will release its monthly Cattle on Feed report tomorrow. Pre-report estimates from the industry peg the total number of cattle on feed as of 1 February at 101 percent of February 2020.  

Placements in January are expected to be 100 percent of last year and marketings are forecast at 95 percent. Part of the drop might have been anctipated; January 2021 had two fewer working days compared to 2020, but on the other hand Sauturday kills were up. For the month, federally inspected slaughter of fed cattle was up 3.7 percent – and cow and bull slaughter are up 3.4 percent as well. Nonetheless, with heavy placements from May onward, there are a lot of long-fed cattle available.

Large inventories of cattle on feed for more...

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