When USDA released their December Cattle on Feed Report, it showed feedlot inventories were down slightly from year ago levels. While November feedlot placements and marketing’s were higher than a year ago, feedlot inventories were down one percent. The report shows that on December 1st, 10.7 million head were in feedlots, while placements in November totaled 1.84 million head, 15 …
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