Cattle Numbers Continue Slide: On-Feed Down 2%, Inventory Down 1%

Cattle on Feed Report:

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on July 1, 2025. The inventory was 2 percent below July 1, 2024. The inventory included 6.88 million steers and steer calves, up 1 percent from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.24 million head, down 5 percent from 2024. Placements in feedlots during June totaled 1.44 million head, 8 percent below 2024. Net placements were 1.39 million head. During June, placements of cattle and calves weighing less than 600 pounds were 320,000 head, 600-699 pounds were 235,000 head, 700-799 pounds were 315,000 head, 800-899 pounds were 326,000 head, 900-999 pounds were 165,000 head, and 1,000 pounds and greater were 80,000 head. Marketings of fed cattle during June totaled 1.71 million head, 4 percent below 2024. Marketings were the lowest for June since the series began in 1996. Other disappearance totaled 53,000 head during June, 7 percent below 2024.

 

Cattle Inventory Report:

All cattle and calves in the United States on July 1, 2025 totaled
94.2 million head, 1 percent below the 95.4 million head on July 1, 2023.

All cows and heifers that have calved totaled 38.1 million head, 1 percent
below the 38.4 million head on July 1, 2023. Beef cows, at 28.7 million head,
are down 1 percent from two years ago. Milk cows, at 9.45 million head, are
up 1 percent from 2023.

All heifers 500 pounds and over on July 1, 2025 totaled 14.6 million head,
2 percent below the 14.9 million head on July 1, 2023. Beef replacement
heifers, at 3.70 million head, are down 3 percent from two years earlier.
Milk replacement heifers, at 3.50 million head, are unchanged from 2023.
Other heifers, at 7.40 million head, are 3 percent below two years ago.

Steers 500 pounds and over on July 1, 2025 totaled 13.8 million head, down
1 percent from July 1, 2023.

Bulls 500 pounds and over on July 1, 2025 totaled 1.90 million head,
unchanged from two years earlier.

Calves under 500 pounds on July 1, 2025 totaled 25.8 million head, down
2 percent from 2023.

Cattle and calves on feed for the slaughter market in the United States for
all feedlots totaled 13.0 million head on July 1, 2025, down 1 percent from
two years earlier. Cattle on feed in feedlots with capacity of
1,000 or more head accounted for 85.6 percent of the total cattle on feed on
July 1, 2025, down slightly from two years ago. The total of calves under
500 pounds and other heifers and steers over 500 pounds (outside of
feedlots), at 34.0 million head, is down 2 percent from the 34.7 million head
on July 1, 2023.

Calf Crop Down 1 Percent

The 2025 calf crop in the United States is expected to be 33.1 million head,
down 1 percent from last year. Calves born during the first half of 2025 are
estimated at 24.3 million head, down 1 percent from the first half of 2024.
An additional 8.80 million calves are expected to be born during the second
half of 2025.

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