Cattle On Feed Report as expected

( )

USDA’s Cattle on Feed Report estimated the Feb. 1 large feedlot (1,000-plus head) inventory at 12.2 million head, up 0.8% from year-ago and in line with pre-report expectations. January placements declined 1.2% from last year following three months of figures that were bigger than year-ago and traders’ expectations. Marketings declined 3.1% from January 2021. Both the placements and marketings figures were a little lighter than anticipated.

Cattle on Feed Report

(% of year-ago)

Avg. Trade Estimate

(% of year-ago)

On Feed Feb. 1



Placements in January



Marketings in January



Feedlots placed 2.4% more lightweight (under 600 lbs.) calves and 1.1% more 6-weights versus January 2021. Placements declined 5.2% for 7-weights and 2.4% for 8-weight calves. Placements of 9-weight and heavyweight calves were equal to last year.

There’s nothing in this report to move cattle futures on Monday. Focus will be on money flow, technical price action and outside markets.


Latest News

First Thing Today | March 29, 2023

Wheat futures extended their recent corrective gains overnight. Corn followed to the upside while soybeans pivoted around unchanged.

After the Bell | March 28, 2023

After the Bell | March 28, 2023

EPA Admin to Answer for Budget Increase | March 28, 2023

Biden vows to veto WOTUS block, Japan reopens to Canadian processed beef and Argy rains will have limited impact...

Source: Ukraine May Need to Import/Seek Humanitarian Commodity Supplies Ahead

GAO report: Departments need to improve job of measuring progress to spur SAF production

HRW conditions modestly improve during March

HRW wheat conditions are still below when the crop entered dormancy and historically low.

Ahead of the Open | March 28, 2023

Soybeans and wheat extended Monday's gains overnight. Corn modestly pulled back but there was another daily old-crop corn export sale that could provide support during daytime trade.