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CATTLE ON FEED REPORT
JULY 24

On Feed July 1 - 102%

Placed during June - 97%

Marketed During June - 97%

United States Cattle on Feed Up 2 Percent, (NASS, USDA, July 24, 2026)

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.4 million head on July 1, 2026. The inventory was 2 percent above July 1, 2025. The inventory included 7.12 million steers and steer calves, up 3 percent from the previous year. This group accounted for 63 percent of the total inventory. Heifers and heifer calves accounted for 4.25 million head, up slightly from 2025.

Placements in feedlots during June totaled 1.40 million head, 3 percent below 2025. Net placements were 1.35 million head. During June, placements of cattle and calves weighing less than 600 pounds were 325,000 head, 600-699 pounds were 225,000 head, 700-799 pounds were 300,000 head, 800-899 pounds were 309,000 head, 900-999 pounds were 160,000 head, and 1,000 pounds and greater were 80,000 head.

Marketings of fed cattle during June totaled 1.66 million head, 3 percent below 2025. Marketings were the lowest for June since the series began in 1996.

Other disappearance totaled 50,000 head during June, 6 percent below 2025.

CATTLE INVENTORY REPORT
JULY 24

All cattle and calves - 100%

All cows and heifers that have calved - 100%

All heifers 500 pounds and over - 101%

Steers 500 pounds and over - 101%

Bulls 500 pounds and over - 100%

Calves under 500 pounds - 100%

July 1 Cattle Inventory Up Slightly, (NASS, USDA, July 24, 2026)

All cattle and calves in the United States on July 1, 2026 totaled 94.2 million head, slightly above the 94.0 million head on July 1, 2025.

All cows and heifers that have calved, totaled 38.1 million head, unchanged from the 38.1 million head on July 1, 2025. Beef cows, at 28.5 million head, are down 1 percent from a year ago. Milk cows, at 9.65 million head, are up 2 percent from previous year.

All heifers 500 pounds and over on July 1, 2026 totaled 14.7 million head, 1 percent above the 14.6 million head on July 1, 2025. Beef replacement heifers, at 3.80 million head, are up 3 percent from a year ago. Milk replacement heifers, at 3.60 million head, are up 3 percent from previous year. Other heifers, at 7.30 million head, are 1 percent below a year earlier.

Steers weighing 500 pounds and over on July 1, 2026 totaled 13.9 million head, up 1 percent from July 1, 2025.

Bulls weighing 500 pounds and over on July 1, 2026 totaled 1.90 million head, unchanged from previous year.

Calves under 500 pounds on July 1, 2026 totaled 25.6 million head, unchanged from a year earlier.

Cattle and calves on feed for the slaughter market in the United States for all feedlots totaled 13.2 million head on July 1, 2026, up 2 percent from previous year. Cattle on feed in feedlots with capacity of 1,000 or more head accounted for 86.1 percent of the total cattle on feed on July 1, 2026, up 1 percent from previous year. The total of calves under 500 pounds and other heifers and steers over 500 pounds (outside of feedlots), at 33.6 million head, is down 1 percent from the 33.8 million head on July 1, 2025.

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Valentine Livestock

1,645 Valentine, NE

Thursday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
600-700 lbs 436.00-441.00 400-500 lbs -
700-800 lbs - 500-600 lbs -
800-900 lbs 355.00-382.50 600-700 lbs 396.50
900-1000 lbs 346.50-356.50 700-800 lbs 360.00
1000-1100 lbs 332.50 800-900 lbs -

Farmers and Ranchers Livestock

1,355 Salina, KS

Thursday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs 415.00-449.00 500-600 lbs 360.00-392.50
600-700 lbs 375.00-400.00 600-700 lbs 353.00-377.25
700-800 lbs 351.00-377.00 700-800 lbs 320.00-346.00
800-900 lbs 325.00-349.50 800-900 lbs 312.00-321.00
900-1000 lbs 319.75-335.75 900-1000 lbs 305.00-306.00

Cattlemen's Livestock

1,131 Dalhart, KS

Thursday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
300-400 lbs 510.00 400-500 lbs 430.00-445.00
400-500 lbs 470.00 500-600 lbs 387.00-420.00
500-600 lbs 430.00-460.00 600-700 lbs 342.50
600-700 lbs 360.00 700-800 lbs -
700-800 lbs 351.00-358.00 800-900 lbs 316.00

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Friday

Live Cattle Change  Feeder Cattle Change
Aug 227.075 1.675 Aug 345.325 1.550
Oct 222.500 1.125 Sep 341.450 1.600
Dec 222.275 1.600 Oct 336.000 2.550

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Friday

Corn Change  Soy Beans Change
Sep 4.6425 0.0025 Aug 12.4800 0.1050
Dec 4.8750 unchanged Sep 12.4025 0.0925
Mar 5.0300 unchanged Nov 12.5350 0.0975

KANSAS CITY BOARD OF TRADE

Friday

  Wheat Change
Sep 7.4525 0.1450
Dec 7.6150 0.1425
Mar 7.7275 0.1475

ESTIMATED DAILY CATTLE SLAUGHTER

Friday 103,000 Thursday
Week Ago (est)89,000 Steer & Heifer: 87,000
Year Ago (act)96,000 Cow & Bull: 21,000
Wk To Date (est)514,000  
Last Week (est)522,000  
Last Year (est)549,000  

Friday, July 24

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer 8,228 1,545 230.37
Live Heifer 3,020 1,388 230.08
Dressed Steer 10,209 1,008 365.35
Dressed Heifer 1,354 880 364.69

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 361.24 346.71 14.53
Change from prior day: -1.63 -2.04  

DAILY CATTLE SLAUGHTER

Friday 103,000 Thursday
Week Ago (est)89,000 Steer & Heifer: 87,000
Year Ago (act)95,843 Cow & Bull: 21,000
Wk To Date (est)514,000  
Last Week (est)522,000  
Last Year (est)549,149  

(No LRPs published 7/24 due to CoF report)

Friday, July 24

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