Record-high April 1 feedlot inventories in this article last month. Estimates from the May cattle on feed report, released May 19, continue to show record high feedlot inventories. May 1 feedlot inventories totaled 11.967 million head, a record for the month and 2% higher than last year.
Like last month, the biggest surprise in the report was April feedlot placements, totaling 1.809 million head or 1% lower year over year. Placements of lighter weight calves…
