The USDA’s Cattle on Feed Report said cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 11.4 million on June 1, 2025. That inventory level was one percent below June 1, 2024, which fell within most of the industry’s pre-report expectations. Industry experts called the report neutral to slightly friendly but continue to point to a tight supply picture for the cattle market. Drovers says several states continue to see inventory well below last year, such as Texas at 93 percent and Colorado at 96 percent of 2024. On the other end, Nebraska was 104 percent compared to 2024, Oklahoma was 102 percent, and Kansas was 101 percent. Fed cattle marketings in May totaled 1.76 million head, ten percent below 2024. Other disappearances in May totaled 62,000 head, unchanged from May 2024.
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