U.S. Cattle on Feed Update – Aug ’20
Executive Summary U.S. cattle on feed figures provided by the USDA were recently updated with values spanning through the end of Jul ’20. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Aug 1st finished 1.5% higher on a YOY basis, reaching a record high seasonal level.
- Placements in feedlots increased 11.0% on a YOY basis throughout Jul ’20, reaching a nine year high seasonal level.
- Marketings of fed cattle declined 0.6% on a YOY basis throughout Jul ’20, finishing lower for the third time in the past four months.