According to the January 2020 USDA Cattle on Feed Report, the total inventory of U.S. cattle on feed in 1,000+ capacity feedlots was almost 12 million head, up 2% from the previous year. The top five leading states for cattle on feed include:
- Texas: 2.96 million head
- Nebraska: 2.46 million head
- Kansas: 2.42 million head
- Colorado: 1.09 million head
- Iowa: 670,000 head
The State of Iowa saw a 3% decline from the previous month, while Texas and Oklahoma increased their COF inventories 1% and 2%, respectively. Compared to a year ago, Iowa remained down about 3% (20,000 head). Nebraska, Minnesota and Arizona also saw declines, while many other states increased inventory. Texas and Colorado both saw an 8% increase over the previous year, accounting for increases of 30,000 and 10,000 head, respectively.
Total U.S. December 2019 placements in feedlots were up 3% from December 2018, while marketings in December 2019 were 5% higher than December 2018.