USDA Cattle on Feed report

The U.S. Department of Agriculture (USDA) monthly Cattle on Feed Report was released today after the close of livestock futures trading. The USDA report showed cattle moving into feed yards (placements) during December totaled 1.795 million head, 18 percent above December 2015. Marketings of fed cattle totaled 1.787 million head, 7 percent above December 2015. The January 1st on-feed cattle supply was 10,605 million head, a little above 100 percent of a year ago.