February Cattle on Feed, Highest Numbers Since 1996
WASHINGTON, DC – More cattle and calves were placed into U.S. feedlots last month than […]
WASHINGTON, DC – More cattle and calves were placed into U.S. feedlots last month than […]
USDA’s final monthly Cattle on Feed Report dropped Thursday afternoon in front of a three day holiday weekend, leaving traders to wonder how the report will affect markets once they reopen.
Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 11.6 million head on October 1, 2021, and down 1 percent from just one year earlier.
Cattle on feed in the U.S. as of June 1, 2021 are at the second-highest level in recorded history, according to the latest data from USDA.
Cattle and calves on feed for the slaughter market are seeing the second-highest May 1 inventory since 1996.
Traders walked away from Friday afternoon’s monthly Cattle on Feed Report from USDA unfazed by the latest numbers.
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