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Cattle placements, marketings up sharply

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The USDA estimates placements of cattle into feedlots during August 2016 totaled 1.879 million head. That’s seven months in a row with an increase in the category and up 15% from the record monthly low set in August 2015. Most of the monthly total, about 1.229 million head, were cattle weighing more than 700 pounds. DTN says feeder supplies at the start of 2016 were 1.5 million head above the start of 2015.

Marketings, at 1.868 million head, were up 18% also from the all-time low set in August 2015.

The total number of cattle on feed at the start of September was 10.135 million head.

Other disappearances were 41,000 head, down 32%.

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