November Cattle on Feed Report Shows Sharp Decline in Placements, Inventory Up
By Michael Nepveux
American Farm Bureau Federation
USDA’s latest Cattle on Feed report, released November 20, shows the number of animals on feed as of November 1 is higher than it was this time last year. The report provides monthly estimates of the number of cattle being fed for slaughter. For the report, USDA surveys feedlots of 1,000 head or more, as this represents 85% of all fed cattle. Cattle feeders provide data on inventory, placements, marketings and other disappearance.