Cattle on Feed Report 06/21 14:05
June 1 Cattle on Feed Up 2%
USDA Actual Average Guess Range
Cattle on Feed:
On Feed June 1 102.0% 101.3% 101.0-101.9%
Placed in May 97.0% 95.9% 93.2-98.9%
Marketed in May 101.0% 100.8% 99.8-101.1%
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 11.7 million head on June 1, 2019. The
inventory was 2% above June 1, 2018. This is the highest June 1
inventory since the series began in 1996, USDA reported on
Placements in feedlots during May totaled 2.06 million head, 3%
below 2018. Net placements were 1.99 million head. During May,
placements of cattle and calves weighing less than 600 pounds
were 370,000 head, 600-699 pounds were 305,000 head, 700-799
pounds were 500,000 head, 800-899 pounds were 539,000 head, 900-
999 pounds were 235,000 head, and 1,000 pounds and greater were
Marketings of fed cattle during May totaled 2.07 million head,
1% above 2018.
Other disappearance totaled 72,000 head during May, 1% below
"June 1 cattle on feed data appears to be neutral to slightly
bearish following slightly higher overall numbers of cattle in
feedlots during the month of May," said DTN Analyst Rick Kment.
"Cattle on feed levels increased 2% from a year ago,
fractionally above expected levels, but well within analysts'
ranges. Cattle placed in feedlots during May is 97% of a year
ago, but nearly 4 percentage points above pre-report estimates.
This is expected to put slight pressure on the cattle complex
"Given the already weak market structure of the cattle futures
complex, these numbers are not expected to be a significant
factor, but will add another layer of market concern to the
DTN subscribers can view the full Cattle on Feed report in the
Livestock Archives folder under the Markets menu. The report is
also available at https://www.nass.usda.gov/.
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