U.S. Cattle on Feed Update – Aug ’18
Executive Summary U.S. cattle on feed figures provided by USDA were recently updated with values spanning through the end of Jul ’18. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Aug 1st finished higher on a YOY basis for the 20th consecutive month, finishing up 4.6% to a new record seasonal high for the month of August.
- Jul ’18 placements in feedlots increased 7.9% YOY, finishing at a six year seasonal high for the month of July.
- Marketings of fed cattle increased on a YOY basis for the 22nd time in the past 24 months during Jul ’18, finishing up 5.0% to a five year seasonal high for the month of July.