As of June 1, there were 11.7 million head of cattle on feed. That’s slightly higher than one year ago and is the second largest June inventory since this series of USDA reports began in 1996. Placements were down seven percent from last year. Marketings are 23 percent higher than one year ago. NAU Country Vice President Rich Morrison says the marketings and placement figures were heavily influenced by the selling in North Dakota.
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