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Heavy placements of cattle on feed portend future beef production
The USDA's latest Livestock, Dairy and Poultry outlook reports that during the first half of 2011, net placements were 2 percent above placements for the first half of 2010 as drought has pushed cattle off pastures in many parts of the country, and most of these feeder cattle have gone into feedlots.
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United States Cattle on feed up 4 percent
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.5 million head on July 1, 2011. The inventory was 4 percent above July 1, 2010. The inventory included 6.52 million steers and steer calves, up 4 percent from the previous year.
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July 1 cattle inventory down 1 percent
All cattle and calves in the United States as of July 1, 2011, totaled 100.0 million head, 1 percent below the 101.1 million on July 1, 2010.
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United States Cattle on Feed up 4 percent
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.9 million head on June 1, 2011. The inventory was 4 percent above June 1, 2010.
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