Recent Trend of Lower Placements Likely Continued in May

Posted on 06/20/2018 12:09 PM
Traders expect USDA’s Cattle on Feed Report to show the number of calves placed in feedlots trended well under year-ago for a third straight month in May. After aggressively placing cattle into feedlots through winter, calf supplies are tighter. At the same time, marketings remained strong last month, as discounted deferred live cattle...