Dr. Derrell Peel, Beef Economist from Oklahoma State University reports the quarterly inventory of heifers on feed was 4.6 million head, down 0.9 percent year over year. Heifers made up 39.7 percent of the total feedlot inventory on Oct. 1, up slightly from the 39.6 percent in July. Heifers have averaged 39.5 percent of total feedlot inventories for the past ten quarters, since July 2022 and have been above the 15-year average of 36.9 percent since October 2018.
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