The USDA reports a year to year increase for cattle placements in June.
There were nearly 1.678 million cattle placed into U.S. feedlots in June 2023, 3% above a year ago and at the high end of estimates That increase followed some improvements in drought conditions in the major feeding areas. That included a significant number of cattle weighing less than 600 pounds on those pasture improvements and slightly softer feed prices. Cattle placed during June will mostly be marketed between December of this year and March of next year.
Cattle placements up 3% in June
