Saturday, September 22, 2018  
 
 
 
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Cattle on Feed Report                 09/21 14:03

                        USDA Actual  Average Guess      Range
Cattle on Feed:
On Feed Sept. 1            106.0%        105.3%     104.2-105.9%
Placed in August           107.0%        104.0%     101.1-107.0%
Marketed in August         100.0%        100.1%      99.8-104.3%
 
OMAHA (DTN) -- Cattle and calves on feed for the slaughter 
market in the United States for feedlots with capacity of 1,000 
or more head totaled 11.1 million head on Sept. 1, 2018. The 
inventory was 6% above Sept. 1, 2017, USDA reported Friday. 
This is the highest Sept. 1 inventory since the series began in 
1996.

Placements in feedlots during August totaled 2.07 million head, 
7% above 2017. Net placements were 2.02 million head. During 
August, placements of cattle and calves weighing less than 600 
pounds were 430,000 head, 600-699 pounds were 335,000 head, 700-
799 pounds were 460,000 head, 800-899 pounds were 475,000 head, 
900-999 pounds were 240,000 head, and 1,000 pounds and greater 
were 130,000 head.

Marketings of fed cattle during August totaled 1.98 million 
head, slightly above 2017.

Other disappearance totaled 55,000 head during August, 12% above 
2017.

"Friday's cattle on feed estimate of 11.125 million head was 
more than expected and will likely have a bearish impact on 
Monday's futures prices for deferred months," said DTN Analyst 
Todd Hultman. "August placements being 7% higher than a year ago 
likely benefited from decent summer conditions in the western 
Plains. The big-producing states of Texas, Kansas and Nebraska 
saw on-feed increases of 3%, 4%, and 8% from a year ago."


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