U.S. Cattle on Feed Update – Sep ’19
Executive Summary U.S. cattle on feed figures provided by USDA were recently updated with values spanning through the end of Aug ’19. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Sep 1st declined on a YOY basis for the first time in the past 33 months, finishing down 1.3%.
- Aug ’19 placements in feedlots declined 9.0% YOY, finishing lower on a YOY basis for the fourth consecutive month.
- Marketings of fed cattle declined 1.5% on a YOY basis, reaching a three year seasonal low level.