Cattle on Feed Report: Placements Heavier Than Expected

Posted on 02/23/2018 3:34 PM
U.S. feedlot inventories totaled 11.63 million head as of Feb. 1, according to USDA’s Cattle on Feed Report, up 7.9% from year-ago and 55,000 head more than anticipated. January placements were stronger than expected at 4.4% greater than year-ago, which was above the top end of the range of estimates. January marketings were just a tou...