There were no surprises in the U.S. Department of Agriculture's latest “Cattle on Feed” report released Friday. All numbers were in line with pre-report analyst estimates.
The report showed that cattle and calves on feed for the slaughter market in feedlots with a capacity of 1,000 head or more totaled 11.3 million head on Oct. 1, a 1% decline from Oct. 1, 2018.
According to USDA, the inventory included 6.87 million steers and steer calves, down 3% from the previous year. This group accounted for 61% of the total inventory. Heifers and heifer calves accounted for 4.41 million head, up 2% from 2018.
USDA reported that placements in feedlots during September totaled 2.09 million head, 2% above 2018. Net placements were 2.03 million head. During September, placements of cattle and calves weighing less than 600 lb. were 420,000 head, 600-699 lb. were 355,000 head, 700-799 lb. were 460,000 head, 800-899 lb. were 475,000 head, 900-999 lb. were 273,000 head, and 1,000 lb. and greater were 110,000 head.
Marketings of fed cattle during September totaled 1.74 million head, 1% above 2018.
Other disappearance totaled 59,000 head during September, 4% above 2018.