U.S. Cattle on Feed Update – Feb ’20
Executive Summary U.S. cattle on feed figures provided by USDA were recently updated with values spanning through the end of Jan ’20. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market as of Feb 1st increased on a YOY basis for the fourth consecutive month, finishing up 2.2% and reaching a 12 year high seasonal level.
- Placements in feedlots declined 1.4% YOY during Jan ’20, finishing lower on a YOY basis for the first time in the past five months.
- Marketings of fed cattle increased 1.1% on a YOY basis during Jan ’20, finishing higher on a YOY basis for the second consecutive month.