production of steers and dairy cows decreases

Created and written by Jeff Swenson, DATCP Livestock and Meat Specialist. Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, industry insiders, as well as USDA NASS and AMS reports.

The most recent USDA Cattle Forage Report showed the number of cattle on feedlots above September 1, 2021 was less than half a percent. The number of cattle placed on feedlots once again exceeded trade expectations, also up 100.4% from August last year. Most notably, the number of feeders weighing less than 600 pounds was 25,000 more than last August.

The USDA also released its monthly Slaughter report last week. The year-to-date spike crop is 2.2% below 2021 levels, and the dairy cow crop is 3.3% below last year. These numbers are offset by a 4.2% increase in heifer production and a 13.1% increase in beef cow production compared to last year. Overall, this would exceed beef production by 1.6% from 2021.

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