The USDA’s cattle on feed numbers show a year to year decline for placements.
During November, 1.906 million head of cattle were placed into feedlots, down 9% on the year with concerns about profitability, demand, and feed costs. That was close to expectations and implies tighter market ready supplies in late spring and early summer 2021.
By weight, placements of cattle weighing less than 600 pounds were 520,000 head, 600 to 699 pound placements were 460,000 head, and 700 to 799 pound placements were 400,000 head, while 800 to 899 pound placements were 306,000 head, 900 to 999 pound placements were 130,000 head, and placements of cattle weighing more than 1,000 pounds were 90,000 head.
