The U.S. Department of Agriculture (USDA) released their June Cattle on Feed Report last Friday, and it shows the number of cattle and calves on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head was 11.6 million head on June 1, 2023, 3 percent below June 1, 2022.
And according to a report from Gary Crawford, Friday’s report has some unexpected numbers in it.
Shayle Shagam, USDA livestock analyst, says high prices being paid for feeders may be luring more producers to send their animals to feedlots.
The new report also shows placements in feedlots during May were at 1.96 million head, 5 percent above 2022. Net placements were 1.88 million head. During May, placements of cattle and calves weighing less than 600 pounds were 380,000 head, 600-699 pounds were 295,000 head, 700-799 pounds were 480,000 head, 800-899 pounds were 505,000 head, 900-999 pounds were 215,000 head, and 1,000 pounds and greater were 80,000 head.
Marketing’s of fed cattle during May totaled 1.95 million head, 2 percent above 2022.
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