U.S. Cattle on Feed Update – Sep ’20
Executive Summary U.S. cattle on feed figures provided by the USDA were recently updated with values spanning through the end of Aug ’20. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Sep 1st finished 3.8% higher on a YOY basis, reaching a record high seasonal level and finishing above analyst expectations.
- Placements in feedlots increased 9.2% on a YOY basis throughout Aug ’20, finishing significantly above analyst expectations.
- Marketings of fed cattle declined 3.1% on a YOY basis throughout Aug ’20, finishing lower for the fourth time in the past five months. The YOY decline in marketings was largely consistent with analyst expectations.