WASHINGTON, D.C. (RFD-TV) — U.S. cattle placements fell more sharply than traders expected in September, tightening the outlook for future fed cattle supplies, even as USDA data still show only limited evidence of herd rebuilding.
USDA reports 11.372 million cattle on feed as of October 1, 99.6% of a year earlier, below the 100.3% trade estimate. September placements totaled 1.777 million head, or 87.9% of last year, compared with expectations of 91.7%.
Marketings totaled 1.524 million head, 93.4% of last year and slightly above the 92.8% trade estimate. Placements and marketings were both the lowest September totals since the series began in 1996.
Steers and steer calves totaled 7.072 million head, essentially unchanged from last year. Heifers and heifer calves fell 1% to 4.30 million head, a decline of 55,000.
The modest heifer decline could reflect some breeding retention, but the change remains too small to show a strong rebuilding signal. Tight placements point to fewer cattle available for feedlots and slaughter in coming months.
