U.S. Cattle on Feed report shows cattle and calves on feed for slaughter market in the U.S. for feedlots with capacity of 1,000 or more head totaled 10.4 million head on July 1, 2013. The inventory was 3% below July 1, 2012. The inventory included 6.53 million steers and steer calves, down 3% from the previous year. This group accounted for 63 % of the total inventory. Heifers and heifer calves accounted for 3.78 million head, down 4% from 2012.
Placements in feedlots during June totaled 1.59 million, 5 % below 2012. Net placements were 1.52 million head. During June, placements of cattle and calves weighing less than 600 lb. were 315,000, 600-699 lb. were 232,000, 700-799 lb. were 415,000, and 800 lb. and greater were 625,000.
Marketings of fed cattle during June totaled 1.90 million, 4 % below 2012. Marketings for the month of June are the lowest since the series began in 1996.
Other disappearance totaled 63,000 during June, 5% below 2012.
Beef demand stays level
University of Missouri economists Ron Plain and Scott Brown say year-over-year beef is still in high demand.
Domestic beef demand in May was up 0.7% compared to a year ago. After three consecutive down months, export demand for U.S. beef was up a solid 6.2% in May. Consumer meat demand was 0.9% stronger this May than last.