USDA Cattle-on-Feed Report

The U.S. Department of Agriculture's cattle-on-feed report was just released. The USDA report showed cattle and calves on feed for the slaughter market totaled 10.165 million head on August 1st, up 2 percent versus August 1st 2015. Placements in feedlots during July totaled 1.572 million head, up 2 percent versus a year ago. Marketings of fed cattle during July totaled 1.713 million head, down 1 percent from last year.