USDA's January Cattle on Feed report said December placements were down 0.8% while marketings were up 1.1%. This resulted in the number of cattle on feed at the start of 2016 to be down 0.5% compared to a year ago. Plac
USDA's December Cattle on Feed report said there were 1.4% fewer cattle in large feedlots on December 1 than a year ago.
Cattle prices rebounded this past week after a long slide downward.
The latest numbers released by the USDA were neutral in numbers of cattle on feed, total numbers of placements and marketings as compared to trade expectations.
Feedlot marketings were up 16.6% in November, while placements rose 15%.
Placements in feedlots during November totaled 1.84 million head, up 15 percent from 2015.
Both beef and cattle prices continued to slide.