May Cattle on Feed Report Shows Inventory Up, Placements Higher Than Expected

USDA’s latest Cattle on Feed report, released May 21, shows the number of animals on feed as of May 1 is 4.7% above year-ago levels. The report provides monthly estimates of the number of cattle being fed for slaughter. For the report, USDA surveys feedlots of 1,000 head or more, as this represents 85% of all fed cattle. Cattle feeders provide data on inventory, placements, marketing and other disappearance. It is important to remember that due to COVID-19 disruptions last year, typical year-over-year comparisons need to be contextualized.

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