The USDA released its February 1st Cattle on Feed Report on Friday. According to the report, cattle and calves on feed in feedlots with capacity of 1,000 or more head totalled 11.7 million head.
The inventory was slightly above February 1, 2018. Placements in feedlots during January totalled 1.96 million head, 5 per cent below 2018. Net placements were 1.90 million head, according to the report.
During January, placements of cattle and calves weighing less than 600 pounds were 370,000 head, 600-699 pounds were 445,000 head, 700-799 pounds were 554,000 head, 800-899 pounds were 420,000 head, 900-999 pounds were 100,000 head, and 1,000 pounds and greater were 70,000 head
Anne Wasko, Gateway Livestock Exchange says, “(There’s) no big surprise in this final catchup USDA report for cattle. Placements were lower in January partly due to poor feedlot conditions from winter weather. At the end of the day, February 1 has just a few more (< than 1%) cattle on feed than a year ago.”
CoF = 100%(100.2Est)
— JGL Group (@JGL_Ag) March 8, 2019