Feedlot inventories in Kansas are fairly stable when compared with last year.

That's according to the USDA's National Agricultural Statistics Service, which reports Kansas feedlots with capacities of 1,000 or more head contained 2.47 million cattle on feed on June 1. This inventory was down 1% from last year. Placements during May totaled 495,000 head, up 3% from 2022.

Meanwhile, red meat production is up slightly across the U.S. Commercial red meat production is up two percent, with Oklahoma reporting production up 108% when compared with May of last year.