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Placements drop in October

Nov 27, 2006
— Cattle on feed numbers remain record high. — Marketing rate a disappointment. The Nov. 1 cattle on feed report from USDA again showed record high numbers of cattle in U.S. feedlots. According to USDA calculations, there were 11.95 million head of cattle on feed at the first of the month, up 4 percent from last year. That figure is the highest recorded since USDA began the data set in 1996. The number of cattle on feed was mostly inline with...

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