USDA released the latest “Cattle on Feed” report on Friday, revealing an inventory 3% below the same period last year. The feedlot inventory totaled 11.7 million head on December 1, 2022. This was the third consecutive monthly decrease in 2022, according to Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel.
Placements in feedlots during November totaled 1.93 million head, down 2% from 2021, which Peel noted was a bit larger than expected. However, they were still down for the third consecutive month.
Marketings of fed cattle during November totaled…
