USDA’s Cattle on Feed (COF) report for 1 February was released today after being delayed by the government shutdown (the 1 March report will be issued as regularly scheduled on 22 March).

Other disappearance in January totaled 61,000 head, and net placements were 1.9 million head. The pace of marketing became more current in January. Marketings as a percentage of on-feed inventory in January were 16.8 percent, up from 14.9 percent in December, and average daily marketings were 93,333 head based on 21 slaughter days in January (excluding Saturdays). The number of cattle on feed for more than 120 days was caclulated to be 4.93 million head for all cattle in feedlots and 4 million head for cattle on feedlots of 1,000 head or more ca...