Placements Top Expectations

Posted on 06/22/2018 3:17 PM
The number of cattle on feed on June 1 stood at 11.553 million head, a 4% rise from year-ago levels and the highest June 1 figure since USDA began releasing this report in 1996. The number of cattle on feed was just 83,000 head higher than the market anticipated. Marketings were right in line with expectations, climbing 5% from year-ag...