In Friday’s USDA cattle-on-feed report, the total inventory was up one percent from November 1, 2018. Marketings of fed cattle during October was up one percent. Placements are ten percent above last year. While a ten percent increase in placements is a significant bump, many analysts predicted placements would be as much as 19 percent higher. In South Dakota, placements were up 11 percent and the number was unchanged in Minnesota.
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