October Cattle on Feed Report Bearish

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Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on October 1, 2017. The inventory was 5 percent above October 1, 2016. The inventory included 6.93 million steers and steer calves, up 2 percent from the previous year. This group accounted for 64 percent of the total inventory. Heifers and heifer calves accounted for 3.88 million head, up 13 percent from 2016. 

Placements in feedlots during September totaled 2.15 million head, 13 percent above 2016. Net placements were 2.09 million head. During September, placements of cattle and calves weighing less than 600 pounds were 405,000 head, 600-699 pounds were 340,000 head, 700-799 pounds were 490,000 head, 800-899 pounds were 515,000 head, 900-999 pounds were 285,000 head, and 1,000 pounds and greater were 115,000 head.

Marketings of fed cattle during September totaled 1.78 million head, 3 percent above 2016. 

The October Cattle on Feed Report looks bearish for cattle market on Monday. 

                                                                   Source: USDA

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