Latest Cattle on Feed Report hints at minor herd rebuild
April’s USDA Cattle on Feed Report provided a breakdown of steers and heifers on feed with heifers falling to 37 percent of the total on-feed inventory. Typically, this is the initial signaling of herd rebuilding. ShayLe Stewart, a livestock market analyst with DTN, disagrees however and says that 37 percent is more of a neutral number, and does not indicate expansion or contraction of the herd. There are many market factors that are weighing on the cattle industry and could erase any signs of...
















