U.S. Cattle on Feed Dips Again in February as Feedlot Inventories Shrink

Fed cattle numbers are down two percent in February, according to the latest USDA report. Marketings fell 13 percent, signaling continued pressure on beef prices in 2026.

SELECTS_FARMHER_ 19_12_19_USA_ALL_VARIOUS_0342.jpg

FarmHER, Inc.

NASHVILLE, TENN. (RFD NEWS)Cattle and calves on feed for the slaughter market in the United States totaled 11.5 million on February 1, 2026, marking a two percent decline from the same date in 2025, according to the February report (PDF Version) from the U.S. Department of Agriculture (USDA).

January Feedlot Activity

Placements in feedlots during January totaled 1.74 million head, 5 percent below 2025 levels.

Net placements were 1.68 million head. Breaking down placements by weight category:

  • Less than 600 pounds: 360,000 head
  • 600–699 pounds: 365,000 head
  • 700–799 pounds: 455,000 head
  • 800–899 pounds: 381,000 head
  • 900–999 pounds: 105,000 head
  • 1,000 pounds and greater: 70,000 head

Marketings of fed cattle during January totaled 1.63 million head, a 13 percent drop from the previous year.

Other disappearances, which include death loss and movements to other states, totaled 55,000 head, 8 percent below January 2025.

Annual Size Group Trends

Feedlots with a capacity of 1,000 or more head represented 82.7 percent of all cattle on feed in the U.S. on January 1, 2026, slightly up from 82.5 percent in 2025. Marketings of fed cattle from these larger feedlots during 2025 accounted for 87.1 percent of total U.S. feedlot cattle marketed, a slight decrease from 87.2 percent in 2024.

These numbers reflect ongoing tightness in the U.S. cattle supply and could continue to influence beef prices in 2026.

Related Stories
American Farm Bureau Federation (AFBF) economist Bernt Nelson provides an updated outlook on the current U.S. cattle market.
Sen. Roger Marshall explains which types of beef are imported into the United States, how there’s room for new imports, and logical reasons for current high prices.
Record Australian exports and rising U.S. imports reflect continued tight domestic cattle supplies — a reminder that herd recovery remains key to balancing future beef prices.
U.S. Senator Deb Fischer (R-NE) discusses the USDA’s new cattle plan, ethanol policy, and the broader challenges ahead for rural America.
Australia’s expanding harvest and global oversupply are keeping wheat and barley prices capped, though canola markets may hold firmer on shifting oilseed demand.
Expanding bioethanol use strengthens rural economies, supports farm markets, and positions U.S. agriculture at the center of global low-carbon trade.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Bioethanol is becoming a global standard. For growers, that boom comes as drops in Mississippi River levels and in soybean demand occur in tandem, leaving barge space for corn and wheat.
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.
Soybean farmer and Arkansas Lt. Gov. Leslie Rutledge highlights why the U.S. trade standoff with China is especially critical for Arkansas producers.
NEFB President Mark McHargue provides an update from the Husker State, where farmers are working hard to bring in one of the largest harvests in recent years.
Todd Miller, CEO of Head Honchos, shares about his business offering to ease agricultural labor shortages.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.