USDA released their August cattle on feed report Friday, and it shows the number of cattle and calves on feed for the slaughter market in the U.S. was 10.2 million head on August 1st, 2 percent above August 1, 2015. Placements in feedlots during July totaled 1.57 million head, is also 2 percent above 2015. But when it comes to marketing’s,
Marketing’s of fed cattle during July totaled 1.71 million head, 1 percent below 2015, and the lowest marketing’s number for July since the series began in 1996.