More, Heavier Cattle Placed In Feedlots In October

More, Heavier Cattle Placed In Feedlots In October

Derrell Peel


he latest USDA Cattle on feed report pegs November 1 feedlot inventories at 11.83 million head in feedlots with a capacity of 1000 head or more.  This is 101.2 percent of last year and up 4.8 percent from October as feedlot inventories increase to a seasonal peak.  After two months of year-over-year decreases in cattle on feed totals, large October placements pushed November 1 inventories back above year earlier levels.

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