Cattle Inventory Report Signals Expansion Phase Is Nearing Completion

Posted on 07/20/2018 2:29 PM
Today’s Cattle on Feed and Cattle Inventory Reports came in largely as expected, which will allow the market to quickly shift its focus back to cash market fundamentals. A focal point of today’s Cattle Inventory report was the beef heifer replacements category. While the figure came in roughly a point higher than expected, USDA’s cal...