Cattle Placements Much Higher Than Expected

Posted on 03/09/2017 10:23 AM
The number of cattle that entered feedlots in April came in much stronger than anticipated at 7% above year-ago, while last month's marketings were lighter than expected. That pushed the May 1 feedlot inventory up 1.3% from May 2105 at 10.783 million head, which was 138,000 head more than the average pre-report estimate implied. ...