USDA released its monthly Cattle on Feed (COF) report today after the market closed. The total inventory on feed in 1,000+ capacity feedlots was 11.7 million head, the 30th straight month of a year-over-year increase and the largest total for 1 June since the series of reports began in 1996.
The pace of May marketing was current at 17.7 percent of on-feed inventory marketed versus 15.6 percent in April. Average daily marketings were 90,000 head based on 23 slaughter days in May (excluding Saturdays). Other disappearance for the month totaled 72,000 head, and net placements were 1.99 million head.
The number of cattle on feed for more than 120 days in 1,000+ capacity feedlots is caclulated to be 4.19 million head, down from 4.38 millio...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
