Low Cattle Inventories Helping Cattle On Feed Report

  Shrinking inventories make Cattle on Feed report market friendly.

USDA tallied the Sept. 1, 2013 cattle on feed inventory at 9.876 million head, that's 92.3% of the Sept. 1, 2012 value and about 0.7% below the average trade guess in advance of the report.

Based on surveys, USDA estimated feedlots placed 1.788 million cattle in August. That was about 89.3% of August 2012 placements and about 0.4% less than traders expected.

To read the full report, click here.

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