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Cattle on Feed Report Summary

Editor's Note: This article was originally posted at 2:02 p.m. CDT. It was reposted with additional information at 2:46 p.m. CDT.

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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."

To view the full Cattle on Feed report, visit https://www.nass.usda.gov/…

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%

(AG)