Cattle on Feed Report: First Year-Over-Year Inventory Increase in 18 months

ZISK
May 26
1 min read

The May Cattle on Feed report came in slightly more bearish than many in the trade expected, driven by higher placements and softer marketings, but Derrell Peel, Oklahoma State University Extension livestock marketing specialist, cautions the numbers are more about timing than true supply growth.

USDA released its May 1 Cattle on Feed report on Friday, revealing an uptick in feedlot inventories. The number of cattle on feed as of May 1 rose 2% from a year ago, while placements increased by 6%. The data marks a shift in recent market directions, marking the first year-over-year inventory increase the industry has seen in 18 months.

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