TL;DR: March cattle numbers are down, and placements and marketings fall below last year’s figures.
The latest USDA NASS report reveals a decline in cattle numbers for March.
Main Findings
- Total Cattle: As of April 1, there were 11.821 million heads, a slight increase of 1.4% from last year.
- Placements: A significant drop of 12.3% from last year, falling below expectations.
- Marketings: Decreased by 13.7% in March.
Additional Insights
Long-term feed exceeds three months, reaching 3.1 million heads, the highest since July 2020.
