Guess your own Cattle On Feed report: August 2024 By Matt Dabrowski Want to guess your own Cattle On Feed report? The key USDA report, published next Friday the 23rd, can be distilled into a straightforward calculation that even the busiest producer can quickly grasp and apply. At its core, the report is based on three numbers: last month's inventory, plus the net change in inventory (plus placements, minus marketings and disappearance), equals this month's inventory. This new inventory figure is then divided by last year's inventory to produce the topline figure. What many may not realize is that we...

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