Cattle on Feed Report 06/24 14:06
June 1 Cattle on Feed Up 1%
By DTN Staff
USDA Actual Average Estimate Range
On Feed June 1 101% 101.5% 101.3-101.9%
Placed in May 98% 99.7% 99.2-101.6%
Marketed in May 102% 103.0% 102.4-104.1%
This article was originally posted at 2:06 p.m. CDT on Friday,
June 24. It was last updated at 2:50 p.m. CDT on Friday, June
OMAHA (DTN) -- Cattle and calves on feed for the slaughter
market in the United States for feedlots with capacity of 1,000
or more head totaled 11.8 million head on June 1, 2022. The
inventory was 1% above June 1, 2021. This is the highest June 1
inventory since the series began in 1996, USDA NASS reported on
Placements in feedlots during May totaled 1.87 million head, 2%
below 2021. Net placements were 1.79 million head. During May,
placements of cattle and calves weighing less than 600 pounds
were 370,000 head, 600-699 pounds were 270,000 head, 700-799
pounds were 465,000 head, 800-899 pounds were 469,000 head, 900-
999 pounds were 220,000 head, and 1,000 pounds and greater were
Marketings of fed cattle during May totaled 1.91 million head,
2% above 2021.
Other disappearance totaled 76,000 head during May, 13% above
"Believe it or not, Friday's Cattle on Feed report did indeed
share that total on-feed numbers for June 1 totaled 11,846,000
head -- which is 1% above that of a year ago and the highest
June 1 inventory since the series began in 1996," said DTN
Livestock Analyst ShayLe Stewart. "The states that saw the
biggest on-feed increases when compared to a year ago were
California up 5% (570,000 head), Nebraska up 4% (2,530,000
head), Texas up 3% (2,940,000 head) and Arizona up 3% (286,000
head). But when compared to a month ago, the only state that saw
an increase was Texas, and only by an addition of 1%.
"For the placement division, the numbers seemed to pass the
'sniff' test. Given the timely rains that parts of the country
were blessed with, it comes as no surprise that placements were
2% lower at 1.87 million head, as ranchers were able to now kick
cattle out onto grass. And given that cattle have been pushed
through the market earlier than normal because of limited feed
earlier this year and thin supplies, it comes as no surprise
that the weight divisions of cattle weighing under 600 pounds
and those weighing 600 to 699 pounds were the only classes that
saw an increase from a year ago.
"Marketings totaling 1.91 million head and being 2% higher than
a year ago falls perfectly in line with the market's recent
history, as processing speeds have run relentlessly.
"But where I struggle with this report is: No. 1) How can
Nebraska have record on-feed numbers but the cash market be so
current that there's a $12 premium in this week's market because
supplies of market ready cattle in the North are so thin? No. 2)
How can May's disappearances be 13% higher than a year ago and
total 76,000 head? (The extreme heat wave that killed cattle in
Kansas was in June, not May.)"
DTN subscribers can view the full Cattle on Feed reports in the
Livestock Archives folder under the Markets menu. The report is
also available at https://www.nass.usda.gov/.
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