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HomeAg NewsCattle on Feed Down 4% in February

Cattle on Feed Down 4% in February

(WASHINGTON D.C.) – According to the latest Cattle on Feed report for February, USDA NASS says that cattle and calves on feed is down 4% as of February 1st, 2023 compared to last year at the same time. Total head was 11.7 million as of February 1st, 2023.

Placements were 4% below year ago levels, marketings were 4% above 2022 and other disappearance totaled 63,000 head during January, 2 percent below 2022.

Overall, many traders viewed the report as expected and bullish for the cattle market.

Read the full report here: https://downloads.usda.library.cornell.edu/usda-esmis/files/m326m174z/tm70p725j/ks65jr390/cofd0223.pdf

 

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