WASHINGTON (RFD-TV)—The U.S. Department of Agriculture (USDA) monthly Cattle on Feed report for September showed 11.1 million head in U.S. feedlots with capacity of 1,000 head or more on September 1, 2025, down one percent from last year.
Placements in August totaled 1.78 million head, 10 percent below 2024, with net placements at 1.73 million. Marketings reached 1.57 million head, 14 percent lower year over year, marking the lowest August marketing level since the data series began in 1996.
Ahead of the report, analysts expected August placements at 88.6 to 93.4 percent of last year, averaging about 91.3 percent. The USDA’s reported figure came in on the lower end of that range, underscoring a slowdown in feeder cattle availability.
Contributing factors include fewer Mexican feeder imports, earlier marketing of lighter-weight calves, and a historically small beef cow herd. The other disappearance was 51,000 head, down six percent.
Tony’s Farm-Level Takeaway: August placements and marketings confirm tighter fed cattle supplies heading into fall. Fewer cattle on feed suggest smaller slaughter numbers this winter, which could support strong prices if beef demand holds firm.
Larger operations maintain cost advantages, while softer equipment sales suggest producers are pacing machinery upgrades amid tighter margins.
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Analysts say that while low-income households are facing financial pressures, other middle- and higher-income consumers are helping fill the gap for retail beef demand.
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Corn and wheat exports remain supportive, but weaker soybean demand — especially from China — continues to pressure oilseed markets.
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Tim and Sharyn Abbott of the Music City Celebration Sale recap the weekend’s premier auction, which drew top dairy breeders and buyers to Nashville again this year from across North America.
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