Cattle Feedlot Placements below Expectations

Randall Weiseman Cattle, Livestock

cattleUSDA’s latest Cattle on Feed Report shows the number of cattle and calves on feed for the slaughter market in the U.S. for feedlots with a capacity of 1,000 head or more was 10.4 million head on July 1, 2016. The inventory was 1 percent above July 1, 2015. Placements in feedlots during June totaled 1.53 million head, 3 percent above 2015, while marketing’s of fed cattle during June totaled 1.91 million head, 9 percent above 2015. And according to this story from Gary Crawford, there was one surprise in this report.

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