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Cattle Backlog May Not Be As Large As Feared

Cattle Backlog May Not Be As Large As Feared

The number of market-ready cattle backlogged in feedyards may not be as large as previous estimates. While any tally of cattle currently waiting on available shackle space is – at best – an estimate, an analysis of 2020 Cattle on Feed and slaughter data from USDA suggests industry estimates of 1 million cattle backlogged may be overstated by as much as 50%.

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