LUBBOCK, TX – The latest Cattle on Feed report shows feedlots carrying more cattle into summer, but the path behind that increase may matter more than the headline inventory number.
Texas A&M livestock economist David Anderson says May feedlot marketings fell 11.8 percent from last year. One fewer operating day explains part of the drop, but slower packing schedules, more days on feed, and fewer available cattle also contributed.
Placements fell 9.7 percent from last May. Normally, May placements rise sharply from April as cattle come off wheat pasture and cool-season grazing, but this year, May was only 2,000 head above April.
Anderson says drought may have pulled some cattle into feedyards earlier than normal. Monthly placements have also been unusually narrow in 2026, which could affect late-year beef supplies.
More cattle on feed may pressure prices later in 2026. The July report will offer more insight into heifer retention.
Farm-Level Takeaway: Cattle producers should watch placement timing, marketings, and heifer numbers as feedlot supplies shape late-year prices.