The United States Department of Agriculture (USDA) released the 2017 December Cattle on Feed report Friday, showing a huge increase in feedlot placements in November.
Over 2 million head went in and far less came out. The trade estimate for cattle placements was 5.7 percent. The real number was more than double that.
What are market watchers saying about the new year? Derrell Peel, livestock economist at Oklahoma State University, shares his reaction to the numbers with Ron Hays, owner of the Radio Oklahoma Ag Network.