USDA’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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