10.3 million cattle on feed in latest report

USDA reports show 10.3 million cattle on feed for the slaughter market in feedlots with a capacity of 1,000 or more head. While steers and steer calves dropped 2% from 2015 to 6.83 million, heifers and heifer calves rose 4% from 2015 to 3.44 million.

Placements in feedlots tumbled to the lowest rate since 1996 in September. Totalling 1.91 million head, which is 2% lower than in 2015.

However, marketing of fed cattle in September jumped to 1.73 million, up 5% from 2015.

See the full report here.

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