AGRIBUSINESS: Cattle On Feed Jumps 6%

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The number of cattle on feed across the U.S. came in close to expectations in the latest Cattle on Feed Report released Friday.

Cattle and calves on feed for slaughter in the United States totaled 11.1 million head in feedlots with a capacity of 1,000 or more head as of February 1, 2013.  That's 94% of the inventory on hand one year ago.

Placements in feedlots during January totaled 1.88 million, which is two percent above 2012. Net placements were 1.80 million head. During January, placements of cattle and calves weighing less than 600 pounds were 445,000; 600-699 pounds were 395,000; 700-799 pounds were 535,000, and 800 pounds and greater were 501,000.

Marketings of fed cattle during January totaled 1.92 million, 6% above 2012.