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NASS: Feeder-cattle supply components at 46.8 million; calculated feeder supply about 30.3 million
Summary
NASS said feeder-cattle supply components total 46,800,000 head (unchanged from 2025) and the calculated feeder-cattle supply is about 30.3 million head, roughly 6% below 2025's 33.8 million, based on the July inventories and cattle-on-feed subtraction method.
Travis Averell explained NASS's feeder-cattle supply calculation at the July briefing, saying components (summer inventories of other heifers and steers 500+ lbs plus calves under 500 lbs, minus all cattle on feed) summed to 46,800,000 head, essentially unchanged from the prior year.
He reported the derived or calculated feeder-cattle supply at about 30.3 million head, down roughly 6% from 33.8 million in 2025. Averell used the series and charts to illustrate long-term variation and emphasized that these calculations combine several inventory components and the all-cattle-on-feed subtraction step.
