Cattle on Feed Report: Mildly Negative

Posted on 03/09/2017 10:19 AM
USDA's Cattle on Feed Report showed the Dec. 1 feedlot inventory was a modest 16,000 head bigger than the average pre-report estimate implied at 10.652 million head. That's down 148,000 head from last year (-1.4%) and the smallest Dec. 1 inventory on record. While November placements topped the average pre-report estimate, so did marke...