National Ag News
June cattle placements up 16%, total herd 4% larger
Jul 21, 2017, 16:41 PM
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System
The USDA says placements of cattle on feed in June were extremely aggressive.
Placements were up 16% from June 2016 at 1.770 million head, a lot more than what many analysts were expecting, because of expectations for declining feed costs and improved pasture conditions. Most of those cattle will head to market later this winter or early next spring.
Marketings during June were 4% above a year ago at 1.989 million head, the 11th month in a row with an increase, thanks to good margins and beef demand.
Continue reading June cattle placements up 16%, total herd 4% larger at Brownfield Ag News.
