December Cattle on Feed Report Confirms Tight Supplies Persist

Tight feeder supplies and lower placements indicate continued support for the cattle market, with regional impacts heightened in Texas by reduced feeder imports.

LUBBOCK, Texas (RFD-TV) — Feedlot inventories continue to tighten, as expected, according to December’s Cattle on Feed Report (PDF Version) from the U.S. Department of Agriculture (USDA), which delivered no surprises, with all key figures landing squarely within trade expectations. Cattle and calves on feed in feedlots with a capacity of 1,000 head or more totaled 11.7 million head on December 1, down 2 percent from a year earlier.

Placements during November fell sharply to 1.60 million head, 11 percent below last year and the lowest November placements on record, reflecting limited feeder supplies and high prices. Marketings also declined 12 percent from a year ago, marking the second-lowest November total since records began, reinforcing the picture of tight fed cattle availability moving into early 2026.

By state, Nebraska remained the largest feeding state with 2.67 million head on feed, followed by Texas at 2.61 million head and Kansas at 2.44 million head. Texas inventories were down 9 percent from a year earlier, a decline exacerbated by the ongoing closure of the Mexican border to feeder cattle due to concerns over New World screwworm, further restricting placements.

Farm-Level Takeaway: Tight feeder supplies and lower placements point to continued cattle market support, with regional impacts heightened in Texas by reduced feeder imports.
Tony St. James, RFD-TV Markets Specialist
Related Stories
Ethanol producers face a widening opportunity window as aviation and marine fuel markets expand, with the potential to add billions in demand if policy and certification align.
Lawmakers and ag industry groups welcomed the confirmations, citing the direct impact of these leaders on western ranchers, water and land management, conservation programs, and regulatory reform.
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
More than 100 pork producers traveled to Washington to meet with lawmakers and underscore the threat to small family farms.
Now the Senate must pass a version of the spending bill before the Sept. 30 deadline.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Disease risks remain a key factor to watch heading into fall.
American Farm Bureau Federation (AFBF) economist Danny Munch explains how the Emergency Livestock Relief Program application process differs from other USDA aid programs.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

The DOJ’s new antitrust probe could reshape beef-packer behavior, with potential impacts on fed-cattle prices, processor margins, and long-term competition across the supply chain.
The Senate has cleared a path to reopen USDA, but full restoration of services depends on House approval and the President’s signature.
Congressman Blake Moore of Utah discusses the bill’s potential to promote both economic growth and healthier forests on this week’s Champions of Rural America.
Mike Newland with the Propane Education & Research Council shares how producers can prepare for winter weather and the benefits of propane.
Verified U.S. data show real leather’s carbon footprint is lower than advertised — an edge for the American cattle industry in both marketing and byproduct value.
Stagger buys and diversifies fertilizer sources — watch CBAM, India’s tenders, and Brazil’s import pace to time urea, phosphate, and potash purchases.
Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
The goal of “Where the Food Comes From” is as simple as its name implies — host Chip Carter takes you along on the journey of where our food comes from — and we don’t just mean to the supermarket (though that’s part of the big picture!). But beyond where it comes from, how it gets there, and all the links in the chain that make that happen.
Join markets specialist Scott Shellady, better known as the Cow Guy, as he covers the market-close, breaking down headlines that drive the commodities and equities markets with commentary from respected industry heavyweights.