U.S. Cattle on Feed Update – Jul ’18
Executive Summary U.S. cattle on feed figures provided by USDA were recently updated with values spanning through the end of Jun ’18. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Jul 1st finished higher on a YOY basis for the 19th consecutive month, finishing up 4.3% to a new record seasonal high for the month of July.
- Jun ’18 placements in feedlots increased 1.3% YOY, finishing at a 12 year seasonal high for the month of June.
- Marketings of fed cattle increased on a YOY basis for the 21st time in the past 23 months during Jun ’18, finishing up 0.9% to a seven year seasonal high for the month of June.