Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on June 1, 2017

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on June 1, 2017. The inventory was 3 percent above June 1, 2016. Analysts, on average, were expecting about a 2 percent rise, according to a pre-report survey by Urner Barry. Placements in feedlots during May totaled 2.12 million head, 12 percent above 2016 and above the 10 percent increase analysts were expecting. Net placements were 2.05 million head. During May, placements of cattle and calves weighing less than 600 pounds were 400,000 head, 600-699 pounds were 315,000 head, 700-799 pounds were 529,000 head, 800-899 pounds were550,000 head, 900-999 pounds were 235,000 head, and 1,000 pounds and greater were 90,000 head. Marketings of fed cattle during May totaled 1.95 million head, 9 percent above 2016 and in line with market expectations.    Other disappearance totaled 70,000 head during May, which was 5 percent below 2016.