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Market Reports

Read new forecasts and indicators involving beef cattle and feed markets. Find out what factors are affecting prices.

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Click the date to see the latest Progressive Cattleman Market watch. (PDF)

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The USDA National Agricultural Statistics Service (NASS) released its semiannual Cattle report on Feb. 28, which provided a snapshot of the U.S. cattle inventory on Jan. 1, 2019. The number of cattle and calves was estimated at 94.8 million head, about 0.5 percent above a year ago.

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USDA-AMS estimates U.S. beef production for the year to date to be down 1 percent year over year. Total cattle slaughter is up 0.7 percent so far this year over last year.

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The March Cattle on Feed report brings the feedlot data up to date and back on schedule following the federal government shutdown. February feedlot placements were 102.2 percent of last year.

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Normally, the cattle and beef production discussion in the February report would reflect cattle inventory data from the USDA National Agricultural Statistics Service (NASS) Cattle report in this month’s report. However, due to the government shutdown, the Cattle report was not to be released until Feb. 28.

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The Jan. 1, 2019, inventory of all cattle and calves in the U.S. grew to 94.76 million, head, up 0.5 percent from one year ago. This puts the number of cattle in the country just slightly higher than 2009 levels after dropping to a low of 88.53 million head in 2014, with an increase of 6.23 million head in the last five years.

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