Cattle on Feed Report: Placements Well Above Expectations

Posted on 03/09/2017 10:19 AM
USDA's Cattle on Feed Report placed the Jan. 1 feedlot inventory at 10.605 million head, 135,000 head more than the average pre-report estimate implied and 30,000 head more than year-ago. The bigger feedlot supplies came via a much-stronger-than-expected placements figure during December. Feedlots placed 140,000 head more calves on fee...