# Dr. Derrell Peel: September Cattle on Feed Shows Ongoing Tightening of Feedlot Numbers - Oklahoma Farm Report

> USDA's September Cattle on Feed report showed feedlot inventories at 99% of last year and placements down 10% and marketings down 14% in August. Oklahoma State economist Derrell Peel said the figures signal tighter cattle flows through feedlots than the headline numbers suggest.

- Date: 2025-09-21 · published 2025-09-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/23017-dr-derrell-peel-september-cattle-on-feed-shows-ongoing-tightening-of-feedlot
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Sharply lower placements and marketings point to tighter fed and feeder cattle supplies, supporting cattle prices.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-04-24 | [Derrell Peel Sees Uptrend in Cattle Markets Offsetting Seasonality - Oklahoma Farm Report](https://feedsoft.ai/events/6727-derrell-peel-sees-uptrend-in-cattle-markets-offsetting-seasonality-oklahoma.md) | -0.2% | -4.1% |
| LCATTLE | 2026-01-23 | [Cattle-on-Feed Report Shows Tighter Supply Ahead - RFD](https://feedsoft.ai/events/21189-cattle-on-feed-report-shows-tighter-supply-ahead-rfd.md) | +1.1% | +6.1% |
| LCATTLE | 2023-10-23 | [Ensuring High Cattle Prices Longer - Oklahoma Farm Report](https://feedsoft.ai/events/33789-ensuring-high-cattle-prices-longer-oklahoma-farm-report.md) | +0.4% | -3.5% |
| LCATTLE | 2022-12-27 | [Cattle & Hog Numbers Still On The Decline - Mid-West Farm Report](https://feedsoft.ai/events/7015-cattle-and-hog-numbers-still-on-the-decline-mid-west-farm-report.md) | -0.2% | -0.1% |
| LCATTLE | 2024-09-25 | [September Cattle on Feed \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/28444-september-cattle-on-feed-industry-news-feedlotmagazine-com.md) | +0.9% | +2.3% |
| FCATTLE | 2023-04-24 | [Derrell Peel Sees Uptrend in Cattle Markets Offsetting Seasonality - Oklahoma Farm Report](https://feedsoft.ai/events/6727-derrell-peel-sees-uptrend-in-cattle-markets-offsetting-seasonality-oklahoma.md) | +3.5% | +1.2% |
| FCATTLE | 2026-01-23 | [Cattle-on-Feed Report Shows Tighter Supply Ahead - RFD](https://feedsoft.ai/events/21189-cattle-on-feed-report-shows-tighter-supply-ahead-rfd.md) | +1.5% | +1.2% |
| FCATTLE | 2023-10-23 | [Ensuring High Cattle Prices Longer - Oklahoma Farm Report](https://feedsoft.ai/events/33789-ensuring-high-cattle-prices-longer-oklahoma-farm-report.md) | -2.0% | -5.5% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2025/09/21/dr-derrell-peel-september-cattle-on-feed-shows-ongoing-tightening-of-feedlot-numbers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.