Cattle inventory down last month
Cattle and calves on feed for the U.S. slaughter market in feedlots of 1,000 head or more totaled 11.3 million head on July 1, down 1% from July 1, 2020. In Iowa, the decrease was pegged at 5%, with 600,000 head counted in feedlots of 1,000 head or more on July 1, compared to 630,000 last year.
The U.S. Department of Agriculture (USDA) released both the monthly cattle on feed report and the twice-annual cattle report last Friday.
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