World Perspectives
livestock

1 March Cattle on Feed Report

USDA today released the monthly Cattle on Feed (COF) report for 1 March. It showed the total inventory in feedlots of 1,000 head or more capacity was 1.8 million, the 27th straight month of year-over-year increases. Marketings were essentially flat, up only 8,000 head (or less than a half-percent from February 2018). Other disappearance in February totaled 66,000 head, and net placements were 1.79 million head. The pace of marketing became much less current in February. As a percentage of on-feed inventory, marketings were 14.2 percent, down from 16.8 percent in January. Based on 20 slaughter days in February (excluding Saturdays), average daily marketings were 84,000 head. The number of cattle on feed for more than 120 days on feedlot...

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