USDA’s August Cattle on Feed report shows feedyard inventories as of August 1 running 1 percent below those of one year ago. Placements into feedyards during July were down a full 10 percent from those during July 2011, but last-year’s placements were unusually high. July placements were up by 258,000 head over those in June, or close to 15 percent.
Compared with July 2011, placements were down in every weight class except for those weighing 800 pounds or more, where there was a slight increase. Cattle weighing less than 600 pounds accounted for 26 percent of July placements while those weighing 600 to 699, 700 to 799 and 800 or more accounted for 17 percent, 24 percent and 33 percent respectively.
Feedyards placed a few more cattle during July than they marketed, with 1.92 million head placed versus 1.91 million marketed. Compared with July 2011, marketings were down less than 1 percent.
View the full Cattle on Feed report from USDA.