By David Anderson, Texas A&M AgriLife Extension Service
USDA’s latest “Cattle on Feed” report was largely as expected. Placements were a little higher than the pre-report estimates anticipated. Marketings met expectations, up 3.4% from last year with one more work day in February this year. That left 1.3% more cattle on feed than March 1, 2023.
Even though there were few surprises in the report, the placement data is worth a closer look. Placements up 9.7% may have been a surprise for some who know we have fewer cows, fewer calves and falling beef production. A rare event occurred in…
