April placements of cattle on feed totaled 9% more than a year ago, with marketings 7% higher.
Report signals beef demand was greater than expected during 'Beef Month.'
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
The red ink has started to slow down for feedlots and cattle prices have rallied lately, giving beef producers something to be thankful for.
April placements up 11.0 pct vs year ago, while May 1 feedlot cattle at 102.0 pct of year ago.
USDA says there were 469 million pounds of beef in cold storage at the end of July.