U.S. Cattle on Feed Down 3%
Cattle and calves on feed for feedlots with a capacity of 1,000 or more head totaled 11.7 million on January 1st. The inventory was 3% below January 1st of last year. That inventory included 7.03 million steers and steer calves, down 4% from the previous year. That group accounted for 60% of the total inventory. Heifers and heifer calves accounted for 4.65 million head, down 1% from 2022.
Placements in feedlots during December totaled 1.8 million head, 8% below 2021. Net placements were 1.75 million head. During December, placements of cattle and calves under 600 pounds were 435,000 head, 600-699 pounds were 435,000, 700-799 hit 415,000 head, and 800-899 pounds were 304,000 head.
Marketings of fed cattle during December totaled 1.74 million head, six percent below last year. Other disappearances totaled 54,000 head in December, unchanged from 2021.
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