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
AFBF Economist Samantha Ayoub discusses the latest data on Chapter 12 farm bankruptcy filings and what the troubling trend signals for the farm economy. At the same time, bigger loans and higher rates are squeezing working capital and increasing financial risk.
February 12, 2026 04:26 PM
·
Corn demand remains supportive, but weaker soybean buying limits overall export momentum.
February 12, 2026 03:29 PM
·
Chef and influencer Marcia Smart joined us to discuss Italian-inspired beef dishes, nutrition for active lifestyles, and how global events shape home cooking.
February 12, 2026 02:22 PM
·
Farm numbers still favor small operations, but production, resilience, and risk management are increasingly concentrated among fewer, larger farms.
February 12, 2026 12:16 PM
·
The USDA opened a new sterile fly-dispersal facility at Moore Air Base in South Texas to prevent a potential outbreak of New World screwworm and protect the small U.S. cattle herd.
February 12, 2026 10:47 AM
·
China’s reliance on imported soybeans remains entrenched, shaping global demand and trade leverage.
February 12, 2026 10:46 AM
·
