USDA estimated there were 11.376 million head of cattle in large feedlots (1,000-plus head) as of May 1, down 178,000 head (1.5%) from year-ago. April placements declined 2.6%, while marketings dropped 2.5%.
| Cattle on Feed Report | USDA (% of year-ago) | Average Estimate (% of year-ago) |
| On Feed on May 1 | 98.5 | 98.5 |
| Placements in April | 97.4 | 96.8 |
| Marketings in April | 97.5 | 96.7 |
Placements declined in four of the six weight categories, with lightweights (under 600 lbs.) down 7.5%, 7-weights down 1.3%, 8-weights down 1.8% and 9-weights down 4.9% from year-ago levels. Placements of 6-weights increased 2.3%, while heavyweights (1,000-plus lbs.) were unchanged.
In a state-by-state breakdown, placements declined 20,000 head in Texas, 15,000 head in Colorado and 18,000 head in “other states.” Kansas placements increased 10,000 head, while Nebraska moved the same number of cattle into feedlots as April 2024.
The report data is fully neutral and will should have no impact on price action, especially after an extended holiday weekend.