USDA Reports Large Feedlot Inventories
The USDA recently reported the largest March 1st inventory of cattle in feedlots ever. The 12.2 million head inventory followed a huge number of placements in the feedlots during February at 9.5 million head, 9% more than a year ago.
"It is at the high end of the range of what industry analysts were thinking the number was going to be," said Shayle Shagam, USDA livestock analyst, says c