With the October release of cattle on feed, comes an update of the steer to heifer ratio in feedlots. The quarterly figures help estimate the number of heifers being retained for breeding purposes and define the cattle cycle curve. The U.S. cattle cycle was thought to have turned last year, as January 1, 2020 was lower than the previous year. Heifers as a percent of cattle on feed climbed through 2019 and that proportion has help rather steady in 2020.
For more on this topic, see the Livestock Monitor article below.