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USDA reports slight decline in cattle on feed as of May 2024

The report detailed a 6% decrease in April placements compared to the previous year, with a total of 1.66 million head.

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The National Agricultural Statistics Service (NASS) of the United States Department of Agriculture (USDA) released its latest report on May 24, 2024, indicating a slight decline in the number of cattle on feed for the slaughter market. As of May 1, 2024, the inventory for feedlots with a capacity of 1,000 or more head totaled 11.6 million, down 1% from the same date in 2023.

April saw placements in feedlots reaching 1.66 million head, which is 6% below the placements during April 2023. The net placements for the month were 1.60 million head. Breakdown of the placements by weight category for April is as follows:

  • Less than 600 pounds: 335,000 head
  • 600-699 pounds: 220,000 head
  • 700-799 pounds: 375,000 head
  • 800-899 pounds: 451,000 head
  • 900-999 pounds: 205,000 head
  • 1,000 pounds and greater: 70,000 head

Marketings of fed cattle in April totaled 1.87 million head, marking a 10% increase from April 2023. Other disappearance, which includes deaths and movement of cattle from feedlots to pastures, totaled 56,000 head in April, also up 10% from the previous year.

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