Higher Cattle on Feed and Placements

Graphic -- FEEDLOT PLACEMENTS US Total, Monthly

The USDA Cattle on Feed report was recently released which set total inventory levels on February 1, in feedlots of +1,000 head capacity, at 12.106 million head, 1.5% (178,000 head) above a year ago. January marketings were 1.822 million head which is 5.6% below a year ago. Cattle placed on feed for the month of January was 2.017 million head, up 3.2% (62,000 head) from last year. 

For more on this topic, see the Livestock Monitor article below.