Cattle and calves on feed for the slaughter market in the United States in feedlots with 1,000 head capacity or more totaled 11.1 million head on Sept. 1, according to the U.S. Department of Agriculture.

The inventory was 2% below Sept. 1, 2022, but up 1% compared to the Aug. 1 survey.

Iowa’s inventory was steady month-to-month at 620,000 head in feedlots with 1,000 or more head. This number was 2% higher than the Sept. 1, 2022 count.

Nationally, placements in...