The latest cattle on feed report issued last week shows more cattle on feed in Iowa feedlots, but fewer cattle on feed in U.S. feedlots.

Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.9 million head on April 1, 2014, according to the U.S. Department of Agriculture’s (USDA)...