Cattle on Feed Report: Sharp Drop In Placements Confirmed

Posted on 04/20/2018 2:41 PM
Traders expected the string of hefty cattle placements to come to an end in March, and that’s exactly what USDA’s Cattle on Feed Report showed. March placements dropped 9.3% from last year, suggesting poor wheat pasture conditions inflated winter placement figures. While placements declined sharply, the U.S. April 1 feedlot inventory s...