National Ag News
Larger feedlot supply will be on the fed market later this year
May 29, 2017, 19:03 PM
by
System
The USDA’s latest cattle on feed report shows a lot of cattle were placed into feedlots.
“There were good reasons for placements to be big in April,” said David Anderson, agriculture economist at Texas A&M University, in an interview with Brownfield commodity reporter John Perkins. Higher cash cattle bids and vigorous beef demand played roles. The two percent bump in numbers of cattle on feed implies growing cattle supplies, with more cows and more calves that are now showing up in feedlots, according to Anderson.
