Jul 31, 2006
— Drought continues to push cattle to feedlots early. — Analysts say feedlots are slipping behind in marketing efforts. The July 1, cattle on feed report contained a surprise in the form of a much higher than anticipated placement number. After the unexpected drop in placements during May, it appears the placement rate has evened out and drought has continued to pushed a large number of lightweight calves into feedlots early this year.