February Cattle On Feed 8% Higher
USDA’s February 1 cattle on feed report tallied 11.6 million head, up 8% compared to the same period last year. January marketings totaled 1.858 million head, up 6% compared to the January total. Placements totaled 2.07 million, a 4% increase over January.
During January, placements of cattle and calves weighing less than 600 pounds were 375,000 head, 600-699 pounds were 450,000 head, 700-799 pounds were 625,000 head, 800-899 pounds were 418,000 head, 900-999 pounds were 115,000 head, and 1,000 pounds and greater were 85,000 head.
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