The U.S. Department of Agriculture (USDA) has released its October Cattle on Feed Report. The new numbers show that as of Oct. 1, there were 11.3 million head of cattle and calves on feed for the slaughter market. That is 1 percent below Oct. 1, 2018. Gary Crawford discusses whether we are about to enter a cattle herd contraction.
USDA livestock analyst Shayle Shagam has more key numbers from the latest Cattle on Feed Report.