The following is portion of an article from Drovers CattleNetwork:
by John Maday, Managing Editor
Inventories in U.S. feedlots with 1,000 head or more reached 99 percent of one year ago on March 1 according to the March Cattle on Feed report from USDA. March marks the 18th consecutive month in which inventories were below year-ago levels, but large numbers of cattle placed into feedlots early this year have brought the total closer to a year ago.
Placements into feedlots during February, at 1.65 million head, beat those of a year earlier by 15 percent and exceeded most industry predictions. The large February placements followed a 9 percent year-to-year increase during January.
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Source: Drovers CattleNetwork
Posted by Haylie Shipp
