US Cattle on Feed up 6 percent

In the USDA’s NASS Cattle on Feed numbers released on Nov. 17, cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.3 million head on Nov. 1, 2017. The inventory was 6 percent above Nov. 1, 2016. Placements in feedlots during October totaled 2.39 million head, 10 percent above 2016. Texas Cattle on Feed numbers were up 2 percent from the previous month and up 6 percent from last year. Notable placement increases from last month were in South Dakota (18 percent) and Minnesota (25 percent). Oklahoma remained steady. Read more…