Cattle Feedlot Inventory Little Changed in Last Three Months

The March Cattle on Feed Report from the U.S. Department of Agriculture (USDA) 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 or more head was 12.0 million head on March 1, 2021, 2 percent above March 1, 2020. This is the second-highest March 1 inventory since the series …