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Cattle on Feed Report: Placements Lighter Than Expected

December 20, 2013
 
 

 

 

USDA says cattle feedlot inventories totaled 10.725 million head on Dec. 1, roughly 100,000 head fewer than traders were anticipating. This is second lowest Dec. 1 feedlot number since USDA's current data series began in 1996. The mildly smaller-than-expected On Feed number was due to the combination of Placements coming in nearly four percentage points under expectations and Marketings slightly outpacing the pre-report guess.

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RELATED TOPICS: USDA, Cattle

 
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