Demand Keeping Up with Red Meat Production

Posted on 12/22/2017 12:41 PM
Cattle on Feed Report: Bearish Traders missed the mark on USDA’s Cattle on Feed Report, especially placements. Instead of the 5.7% rise the average pre-report indicated, placements surged 13.9% last month. That pushed the Dec. 1 feedlot inventory up 8.1% from year-ago compared to expectations for a 6.7% increase. At 11.516 million head...