World Perspectives
livestock

Cattle on Feed and Cattle Inventory Reports as Expected

Two key cattle reports came out this afternoon after the market close, Cattle on Feed and the semi-annual Cattle Inventory. The Cattle on Feed report was largely in line with pre-report expectations. The total inventory of cattle on feed in feedlots of 1,000 head or larger capacity was 11.4 million head, which was just slightly below last year’s level. That inventory made up 84 percent of the total 13.6 million head of cattle on feed in all feed lots across the country.   Steers and steer calves were 61 percent of the inventory at 7.03 million head, about the same number as last year; heifers and heifer calves were 4.41 million head which was 99 percent of June 2019. The 61 to 39 percent steer-to-heifer ratio is the same...

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