Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on November 1, 2017. The inventory was 6 percent above November 1, 2016.
Placements in feedlots during October totaled 2.39 million head, 10 percent above 2016. Net placements were 2.32 million head. During October, placements of cattle and calves weighing less than 600 pounds were 675,000 head, 600-699 pounds were 590,000 head, 700-799 pounds were 510,000 head, 800-899 pounds were 368,000 head, 900-999 pounds were 160,000 head, and 1,000 pounds and greater were 90,000 head.
Marketings of fed cattle during October totaled 1.80 million head, 6 percent above 2016. Other disappearance totaled 73,000 head during October, 28 percent above 2016.
The report is expected to be bearish for cattle futures on Monday, November 20th.
Source: USDA
