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OCTOBER 23
On Feed October 1 - 100%
Placed during September - 88%
Marketed During September - 93%
United States Cattle on Feed Down Slightly, (NASS, USDA, October 23, 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 October 1, 2026. The inventory was slightly below October 1, 2025. The inventory included 7.07 million steers and steer calves, up slightly from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.30 million head, down 1 percent from 2025.
Placements in feedlots during September totaled 1.78 million head, 12 percent below 2025. Net placements were 1.73 million head. Placements were the lowest for September since the series began in 1996. During September, placements of cattle and calves weighing less than 600 pounds were 360,000 head, 600-699 pounds were 260,000 head, 700-799 pounds were 385,000 head, 800-899 pounds were 422,000 head, 900-999 pounds were 255,000 head, and 1,000 pounds and greater were 95,000 head.
Marketings of fed cattle during September totaled 1.52 million head, 7 percent below 2025. Marketings were the lowest for September since the series began in 1996.
Other disappearance totaled 49,000 head during September, 4 percent below 2025.
Mobridge Livestock Exchange
8,347 Mobridge, SD
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 300-400 lbs | 610.00-670.00 | 300-400 lbs | 550.00-610.00 |
| 400-500 lbs | 487.00-571.00 | 400-500 lbs | 450.00-510.00 |
| 500-600 lbs | 425.00-505.00 | 500-600 lbs | 410.00-462.50 |
| 600-700 lbs | 394.00-448.50 | 600-700 lbs | - |
| 700-800 lbs | - | 700-800 lbs | - |
Ogallala Livestock
5,087 Ogallala, NE
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 490.00-577.00 | 400-500 lbs | 416.00-510.00 |
| 500-600 lbs | 443.00-490.00 | 500-600 lbs | 372.00-429.00 |
| 600-700 lbs | 389.00-434.00 | 600-700 lbs | 342.50-379.00 |
| 700-800 lbs | 357.00-394.00 | 700-800 lbs | 357.00-375.00 |
| 800-900 lbs | 353.25-359.00 | 800-900 lbs | 320.50-347.50 |
Stockmen's Livestock Exchange
4,447 Dickinson, ND
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 300-400 lbs | 552.50-650.00 | 300-400 lbs | 465.00-555.00 |
| 400-500 lbs | 460.00-576.50 | 400-500 lbs | 421.00-483.00 |
| 500-600 lbs | 401.00-493.50 | 500-600 lbs | 377.00-434.00 |
| 600-700 lbs | 389.00-427.00 | 600-700 lbs | 350.00-373.00 |
| 700-800 lbs | - | 700-800 lbs | 340.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Oct | 229.875 | 0.125 ▲ | Oct | 348.325 | 2.225 ▲ |
| Dec | 231.125 | 0.000 | Nov | 348.125 | 1.200 ▲ |
| Feb | 233.350 | 0.100 ▼ | Jan | 345.350 | 1.350 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| Dec | 4.5600 | 0.0450 ▼ | Nov | 12.5650 | 0.0350 ▲ |
| Mar | 4.7025 | 0.0400 ▼ | Jan | 12.6850 | 0.0375 ▲ |
| May | 4.7900 | 0.0350 ▼ | Mar | 12.7600 | 0.0450 ▲ |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| Dec | 6.6450 | 0.0125 ▼ | |||
| Mar | 6.7475 | 0.0150 ▼ | |||
| May | 6.7950 | 0.0225 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 96,000 | Thursday |
| Week Ago (est) | 102,000 | Steer & Heifer: 82,000 |
| Year Ago (act) | 110,000 | Cow & Bull: 21,000 |
| Wk To Date (est) | 526,000 | |
| Last Week (est) | 532,000 | |
| Last Year (est) | 558,000 |
Friday, October 23
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | - | - | - |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 365.79 | 352.69 | 13.10 |
| Change from prior day: | -3.68 ▼ | +2.28 ▲ |
DAILY CATTLE SLAUGHTER
| Friday | 96,000 | Thursday |
| Week Ago (est) | 102,000 | Steer & Heifer: 82,000 |
| Year Ago (act) | 110,457 | Cow & Bull: 21,000 |
| Wk To Date (est) | 526,000 | |
| Last Week (est) | 532,000 | |
| Last Year (est) | 557,511 |
(No LRPs published 10/23/26 due to CoF report)
Friday, October 23
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