LUBBOCK, TEXAS (RFD NEWS) — Analysts expect USDA’s September Cattle on Feed report to show fewer August placements and marketings than a year ago, even as the total feedlot inventory remains higher. The report will be released Friday after markets close.
Pre-report estimates put cattle on feed at 11.279 million head, up 1.8 percent from last year. Placements are expected at 1.723 million head, down 3.2 percent, while marketings are projected at 1.509 million, down 3.9 percent.
Placements carry the widest range of expectations, from 6.1 percent below last year to 1.6 percent lower. A larger-than-expected decline could point toward tighter fed-cattle supplies later this winter and into 2027.
Marketing estimates are more closely grouped, ranging from 3.6 percent to 4.7 percent below last year. Slower marketings would help keep the total feedlot inventory above year-ago levels despite fewer expected placements.
Producers and traders will compare USDA’s actual numbers closely with the pre-report averages, with placements likely drawing the most attention because of their implications for future cattle availability.
