Last week’s USDA Cattle on Feed report caught most analysts by surprise, with placements up 0.7% from a year ago at 1.842 million head.
Heavier placements in areas impacted by drought
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Last week’s USDA Cattle on Feed report caught most analysts by surprise, with placements up 0.7% from a year ago at 1.842 million head.
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Drought conditions in many major cattle-producing regions of the U.S. could be an obstacle to herd rebuilding efforts.
The latest USDA cattle on feed report showed lower inventory and placements.
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