Cattle on Feed
The USDA is scheduled to release the March Cattle On feed report on April 24. We estimate cattle placements last month at 1.95 million head compared to 2.01 million head in March 2019. Our marketing estimate for March is 1.85 million head compared 1.8 million head a year earlier. The balance leaves cattle on feed April 1 at 11.9 million compared to a rounded 12 million head in 2019.
The March data was gathered before the current economic disruption.