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Placements up 2%, on Feed up 1% in latest report
The USDA says cattle placements onto feed during February were 2 percent higher than a year ago at just over 1.8 million head.
Most of the cattle placed weighed between 600 to 900 pounds and will be marketed later this fall.
Total marketings of fed cattle during February were slightly above year ago levels at 1.68 million head. Other disappearances totaled 66,000 head, a 16 percent increase over a year ago.
The total Cattle on Feed for March 1 was 11.8 million head, up 1 percent on the year. The numbers are generally neutral to a little bearish for futures prices.
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