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Heifers are a decreasing percentage of cattle on feed, hinting at early stages of herd expansion. “April 1 cattle on feed inventory was down 1.59% to 11.638 mln head,” Austin Schroeder, with Barchart.com, said. “A breakdown on steers and heifers was released this month, with 4.38 mln head of heifers in feed, which is 37.64% of the total and the lowest out of the last 5 years.”
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