Market Briefs 5-24-2023
The U.S. inventory of cattle and calves on feed for the slaughter market in feedlots with capacity of 1,000 or more head totaled 11.6 million head on May 1, down 3% from a year ago, according to the U.S. Department of Agriculture’s (USDA) monthly Cattle on Feed report.
Placements in feedlots during April totaled 1.75 million head, 4% below last year. Marketings of fed cattle during April totaled 1.7 million head, 10% below 2022.
The report should be viewed as neutral for the cattle market since ...
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