Market Briefs 6/28/2023
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 June 1, down 3% from a year ago, according to the U.S. Department of Agriculture’s (USDA) monthly Cattle on Feed report.
Placements totaled 1.96 million head during May, down 5% from 2022. Marketings totaled 1.95 million head, up 2% from last year.
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