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September 21, 2026 Current Markets & Forecasts

U.S. August cattle placements fall to record low

U.S. feedlots placed fewer cattle in August than in any other August since the data series began in 1996, according to the latest Cattle on Feed report from the United States Department of Agriculture (USDA).

Despite the decline, cattle and calves on feed for the slaughter market in feedlots with a capacity of 1,000 head or more totalled 11.2 million head as of September 1, up one per cent from a year earlier.

August placements totalled 1.62 million head, down nine per cent from the previous year. Net placements were reported at 1.57 million head. USDA data shows it was the lowest August placement total since the series began in 1996.

The report was largely in line with pre-report trade expectations, which anticipated lower placements and marketings alongside slightly higher on-feed inventories.

By weight, placements included:

  • 320,000 head weighing less than 600 pounds
  • 240,000 head weighing 600 to 699 pounds
  • 355,000 head weighing 700 to 799 pounds
  • 387,000 head weighing 800 to 899 pounds
  • 230,000 head weighing 900 to 999 pounds
  • 85,000 head weighing 1,000 pounds or more

Marketings during August totaled 1.52 million head, down three per cent from the same month last year. It was also the lowest August marketing total since 1996.

Other disappearance totaled 52,000 head during the month, up two per cent from August 2025.

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About the Author

Kara grew up on a grain farm near Bow Island, Alta. After studying at SAIT and the University of Calgary, where she earned a degree in communication and media studies and a diploma in broadcast news, she began her career in agricultural communications and journalism.

Today, Kara farms alongside her husband and family in southern Alberta, where they raise livestock, grow crops and are raising their daughter on the family farm.

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Cattle Report

Updated: September 21, 2026

Steers

Live: ---
Rail: 486.50-489.50 FOB feedlot (last week)

Heifers

Live: ---
Rail: 486.50-489.50 FOB feedlot (last week)

Choice Steers

Live: 222.00-223.00 (NE, IA), 226.00 (TX, KS)
Rail: 348.00-355.00 (NE, IA)

Choice Heifers

Live: 222.00-223.00 (NE, IA), 226.00 (TX, KS)
Rail: 348.00-355.00 (NE, IA)

Boner Cows

Over 500 lbs: 283.65

Canadian Dollar

$71.65   0.11

Livestock Price Insurance Index

Expiry Fed Feeder Calf
14-Dec-26 282 438 --
11-Jan-27 -- -- --
08-Feb-27 278 432 --
08-Mar-27 278 430 --
05-Apr-27 282 426 --
03-May-27 288 426 --
31-May-27 296 434 --
Last Updated on September 17, 2026

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