The USDA says cattle placements into feedlots declined 2 percent on the year. University of Missouri livestock economist Scott Brown says that�s outside the upper-end of pre-report expectations. �Imports matter in this discussion (and) we are seeing pretty heavy...
The USDA says cattle placements into feedlots declined 2 percent on the year.
University of Missouri livestock economist Scott Brown says that�s outside the upper-end of pre-report expectations.
�Imports matter in this discussion (and) we are seeing pretty heavy imports, which is not surprising when we talk about record or near-record prices to see cattle moving into the U.S. to try to fill feedlots.�
He tells Brownfield cattle are still being pulled forward, which means supplies could get tighter later in 2024.
