Cattle on Feed bullish against expectations

USDA’s monthly data continued to show supply constraints.

Cattle on Feed Report
Cattle on Feed Report
(Pro Farmer)

Cattle on Feed ReportUSDA(% of year-ago)Average Estimate
(% of year-ago)
On Feed on July 198.4%99.2%
Placements in June92.1%98.2%
Marketings in June95.6%96.2%

USDA’s Cattle on Feed Report showed cattle and calves on feed on large feedlots (greater than 1,000 head) totaled 11.1 million head on July 1, 2025, down 2% from year-ago. That included 6.88 million steers and steer calves, up 1% from last year and accounted for 62% of the total inventory. Heifers and heifer calves accounted for 42.4 million head, down 5% from 2024.

Placements in feedlots during June 1 totaled 1.44 million head, down 8% from 2024. Net placements were 1.39 million head. During June, placements of cattle and calves weighing less than 600 pounds were 320,000 head, 600-699 pounds were 235,000 head, 700-799 pounds were 315,000 head, 800-899 pounds were 326,00 head. 900-999 pounds were 165,000 head and 1,000 pounds and greater were 80,000 head.

Marketings of fed cattle during June totaled 1.71 million head, 4% below year-ago. Marketings were lowest for June since the series began 1996.

Other disappearance totaled 53,000 head during June, 7% below 2024.

COF Placements
(USDA)