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Cattle on feed report supports prices

Dec 20, 2007
USDA’s May 1 cattle on feed report showed that the number of cattle being placed on feed in the Corn Belt states continues to grow, while feedlots in other areas, particularly Texas, cut back on the number of cattle being fed. According to USDA’s National Agricultural Statistics Service (NASS), cattle on feed as of May 1 totaled 11.3 million head. The inventory number was 2 percent below May 1, 2006, but 6 percent above May 1, 2005. This is the sec...

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