On-feedinventories, declining all year, have left feedyards operating well below capacity, according to CattleNetwork’s August Cattle on Feed report. Placements into feedyards picked up a bit during July, posting a 13 percent increase over the meager placements one year earlier. Marketings during July were slow, dropping 5 percent below those of July 2008, leaving on-feed inventories at 9.6 million head, 2 percent below last July.

Shrinking inventories have left a lot of unused bunk space in U.S. feedyards. According to the CattleNetwork report, feedyards were stocked at 64.8 percent of capacity in May, 62.3 percent in June, 58.4 percent in July and down to 57.7 percent in August. Read the full report from CattleNetwork.