Cattle on feed up slightly on the year
The USDA says the number of cattle in U.S. feedlots on July 1st was 11.3 million head, a slight year-to-year increase.
Feedlot populations were up in Nebraska and Texas despite the widespread drought in the U.S. Plains, which has accelerated herd liquidation by some producers. The other increases for the on-feed total were outside of the more traditional feeding areas, including Arizona, California, and Washington state.
That feedlot total was larger than expected despite a relatively fast slaughter rate during most of June and the higher than a year ago marketings, which were up 2% at more than 2 million head.
Placements into feedlots during June were 1.6 million head, 2% less than a year ago, with strong placements of lighter weight cattle since many heavier weights were placed or moved to grass earlier in the year.
The numbers look neutral to supportive for prices.
Comparisons for Brownfield states:
Iowa: On Feed: 580,000 head, down 20,000 head from July 1st, 2021; Placements: 60,000 head, 16,000 higher than June 2021; Marketings: 68,000 head, 6,000 more than a year ago
Kansas: On Feed: 2.35 million head, down 100,000 head from July 1st, 2021; Placements: 380,000 head, 50,000 lower than June 2021; Marketings: 505,000 head, 15,000 more than a year ago
Minnesota: On Feed: 90,000 head, down 10,000 from July 1st, 2021; Placements: 10,000 head, 2,000 lower than June 2021; Marketings: 19,000 head, 3,000 more than a year ago
Nebraska: On Feed: 2.37 million head, up 80,000 from July 1st, 2021; Placements: 405,000 head, 10,000 lower than June 2021; Marketings: 545,000 head, 10,000 less than a year ago
South Dakota: On Feed: 170,000 head, down 30,000 from July 1st, 2021; Placements: 22,000 head, 2,000 lower than June 2021; Marketings: 43,000 head, 7,000 more than a year ago