Feedlot placements once again stole the show in USDA’s monthly “Cattle on Feed” report, coming in much larger than analysts had expected. According to the report, feedlots placed 1.89 million head during February, 10% above 2023 and the highest for February since the series began in 1996. Analysts had expected placements would be 6% higher than the same period last year.
Net placements were 1.83 million head. During February, placements of cattle and calves weighing less than 600 pounds were 360,000 head, 600-699 pounds were 330,000 head, 700-799 pounds were 515,000 head, 800-899…
