COF Report: Friendly Compared to Expectations

Posted on 03/09/2017 10:20 AM
USDA's Cattle on Feed Report showed the Oct. 1 feedlot inventory at 10.266 million head, just 38,000 head (0.4%) more than last year and 92,000 head less than expected. The lower-than-expected feedlot inventory came amid much-lower-than-anticipated placements (down 1.9% from last year), which more than offset a slightly lower-than-expe...