March 1 Cattle Inventory Second Highest on Record

WASHINGTON, DC – Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 12.0 million head on March 1, 2021. According to USDA’s latest Cattle on Feed Report, the inventory was 2 percent above March 1, 2020. This is the second-highest March 1 inventory since the series began in 1996. Placements in feedlots during February totaled 1.68 million head, 2 percent below 2020. Net placements were 1.63 million head. During February, placements of cattle and calves weighing less than 600 pounds were 335,000 head, 600-699 pounds were 295,000 head, 700-799 pounds were 465,000 head, 800-899 pounds were 409,000 head, 900-999 pounds were 125,000 head, and 1,000 pounds and greater were 55,000 head. Marketings of fed cattle during February totaled 1.73 million head, 2 percent below 2020. Other disappearances totaled 58,000 head during February, unchanged from 2020.
(SOURCE: All Ag News)