U.S. Cattle on Feed Update – Jul ’20
Executive Summary U.S. cattle on feed figures provided by the USDA were recently updated with values spanning through the end of Jun ’20. Highlights from the updated report include:
- U.S. cattle and calves on feed for the slaughter market remained lower on a YOY basis for the fourth consecutive month as of Jul 1st, finishing down 0.4%.
- Placements in feedlots increased 2.1% on a YOY basis during Jun ’20, finishing higher for the first time in the past six months.
- Marketings of fed cattle rebounded sharply from the previous month while finishing 1.0% higher on a YOY basis during Jun ’20.