Cattle on Feed: The Supply Squeeze Continues

ZISK
Apr 24
1 min read

The April USDA Cattle on Feed report confirms that the U.S. fed cattle supply remains historically tight, with March placements and marketings reaching their second-lowest levels since 1996. While the latest report landed almost exactly where analysts expected, Patrick Linnell of CattleFax says the underlying message hasn’t changed: fed cattle supplies are tight and likely to stay that way, as lower marketings, fewer Mexican feeder imports, drought timing and more heifers kept for breeding limit cattle available to place.

Linnell, CattleFax director of market research, was a guest on AgriTalk Friday afternoon with Michelle Rook.

Here are the key takeaways from the report:

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