Feeder Cattle Population Nearly Matches Last November’s Totals
The nation’s feedlots started November with less than one percent fewer cattle than the same point a year ago. USDA’s monthly Cattle on Feed report indicates that the nation’s largest feedlots contained 11,948,000 head of cattle as of November first, a decrease of 25,000 head. Placements were up two percent at 2,245,000 head. While both were in line with trader expectations, marketings fell short at 1,788,000, a five-percent decline.