The United States Department of Agriculture (USDA) released its September 1 Cattle on Feed report Friday afternoon.

According to the report, feedlots with a capacity of 1,000 or more head with cattle and calves on feed for the slaughter market totalled 11.2 million head as of September 1, 2021.

Year over year, the inventory is 1 per cent lower, making it the second highest September 1 inventory since the series began back in 1996, with 2020 being the largest September placement of the series. This came in slightly above pre-report expectations.

For feedlot placements, the USDA says August totalled 2.10 million head, an increase of 2 per cent from August of 2020. Net placements were 2.05 million head.

Marketings of fed cattle during August came in slightly below 2021, at 1.89 million head.

Other disappearances, which includes death of cattle, or cattle moved out of feedlots, totalled 59,000 head during August; 7 per cent above 2020.

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