Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.1 million head on July 1, the U.S. Department of Agriculture (USDA) reported last week.

The U.S. inventory was 2 percent below July 1, 2013. There were 620,000 cattle on feed in Iowa feedlots with a capacity of 1,000 or more head on July 1, the report said. This is up 7 percent from July 2013, according to the USDA.

Placements in U.S. feedlots during June totaled 1.46 million, 6 percent below 2013. In Iowa, 54,000 head were placed on feed in feedlots with a capacity of 1,000 or more head, the report said. This was up 20 ...