Agri Blog

AgOptimus on Cattle on Feed Report – 5.19.23

The United States cattle on feed inventory for feedlots with a capacity of 1,000 or more head totaled 11.6 million head on May 1, 2023. – This is a decrease of 3 percent from May 1, 2022. – During April 2023, there were: – 1.8 million head placed on feed – 1.9 million head marketed – 70,000 head of other disappearance – Compared to April 2022, there were: – A decrease of 4 percent in placementsA decrease of 5 percent in marketings – An increase of 17 percent in other disappearance

The decrease in placements during April 2023 was driven by a decrease in placements of cattle weighing less than 600 pounds, which were down 9 percent from the previous year. – The decrease in marketings during April 2023 was driven by a decrease in marketings of cattle weighing between 600 and 699 pounds, which were down 12 percent from the previous year.

The increase in other disappearance during April 2023 was driven by an increase in death loss, which was up 23 percent from the previous year. – Cattle and calves on feed for slaughter market accounted for 85 percent of the total inventory on May 1, with steers and heifers making up an equal proportion of this category. – The five states with the highest number of cattle on feed for slaughter market on May 1 were Texas, Nebraska, Kansas, Colorado, and Iowa.


Disclaimer:

The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. Market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.

The information contained herein has been primarily derived from the USDA Cattle on Feed, available at the following URL: https://usda.library.cornell.edu/concern/publications/8336h188j To ensure the highest level of accuracy and comprehensiveness, we strongly encourage readers to directly refer to the original report.

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