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July 28, 2025 Current Markets & Forecasts

U.S. cattle on feed drops 2 per cent as heifer numbers decline

The United States Department of Agriculture (USDA)’s National Agricultural Statistics Service (NASS) released its latest cattle on feed report, revealing a slight decline in feedlot inventory.

As of July 1, cattle and calves being raised for slaughter in feedlots with a capacity of 1,000 head or more totaled 11.1 million — down 2 per cent form the same time last year.

Despite the overall dip, the number of steers and steer calves rose by 1 per cent, reaching 6.88 million head and making up 62 per cent of the total inventory. In contrast, heifers and heifer calves saw a notable decrease, falling 5 per cent to 4.24 million head.

June placements into feedlots were also down, totaling 1.44 million head — an 8 per cent drop from June 2024. Net placements stood at 1.39 million. The breakdown by weight showed:

  • 320,000 head under 600 pounds;
  • 235,000 head between 600-699 pounds;
  • 315,000 head between 700-799 pounds;
  • 326,000 head between 800-899 pounds;
  • 165,000 head between 900-999 pounds; and
  • 80,000 head weighing 1,000 pounds or more.

Fed cattle marketings in June reached 1.71 million head, marking a 4 per cent decline from the previous year and the lowest June figure since the data series began in 1996. Additionally, other disappearance — cattle removed from feedlots for reasons other than slaughter — totaled 53,000 head, down 7 per cent from last year.

About the Author

Kara grew up on a grain farm near Bow Island, Alberta. After attending SAIT and the University of Calgary — where she obtained a degree in communication and media studies, and a diploma in broadcast news — Kara began her professional career working in agricultural communications and agricultural journalism. Kara now farms alongside her family and her husband on the family farm, where they raise a mix of livestock, crops, and barn cats.

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Cattle Report

Updated: March 9, 2026

Steers

Live: ---
Rail: 532.50-537.50 FOB feedlot (last week)

Heifers

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Rail: 532.50-537.50 FOB feedlot (last week)

Choice Steers

Live: 240.00 (TX, KN, IA, NE) last week
Rail: 380.00 (NE, IA) last week

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Over 500 lbs: 317.18

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Livestock Price Insurance Index

Expiry Fed Feeder Calf
01-Jun-26 310 472 --
29-Ju-26 308 464 --
27-Jul-26 302 -- --
24-Aug-26 296 466 --
21-Sep-26 292 466 582
19-Oct-26 290 464 586
16-Nov-26 282 456 584
Last Updated on March 5, 2026

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