US Cattle on Feed up 4 percent, Texas up 3

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 July 1, 2018. The inventory was 4 percent above July 1, 2017. This is the highest July 1 inventory since the series began in 1996. The inventory included 7.13 million steers and steer calves, up 2 percent from the previous year. This group accounted for 63 percent of the total inventory. Heifers and heifer calves accounted for 4.15 million head, up 8 percent from 2017. Texas numbers remained steady from last month and up 3 percent over 2017 numbers. Read more…