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Cattle on Feed Report shows continuing tight supplies
USDA published the first Cattle on Feed Report of the year on Friday January 23rd with few surprises included. USDA livestock economist Michael McConnell says that tightening cattle and beef supplies were demonstrated in the numbers. McConnell says placements in feedlots were 5% lower than one year ago. However, he says that marketings were up 5% year-over-year. McConnell adds that a significant number of animals remain in feedlots over 150 days. That was USDA livestock economist Michael...












