Large feedlot placements for the second consecutive month pushed November feedlot inventories up 1.7 percent year over year. October feedlot placements were higher by 3.8 percent year over year, enough to push feedlot totals higher but a smaller increase than was expected ahead of the report release.
October placements are not expected to cause a major negative reaction and, in fact, may be considered positive with a smaller than expected increase. This follows an October report that included a 6.1 percent year over year increase in September placements that surprised and shocked the…
