On-Feed Inventory Down for 18th Straight Month


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


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