The USDA says there were more cattle on feed than expected at the start of December, with November placements much bigger than expected.
Placements jumped 14% to 2.099 million head, continuing the 2017 trend, with relatively low feed costs and higher feed cattle prices cancelling out concerns about drought or near drought conditions in some key U.S. feeding areas. Those cattle will be marketed from May through September of 2018.
Continue reading USDA reports big jump in cattle placements at Brownfield Ag News.
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