USDA cattle report shows strong market prices support higher feedlot numbers
November 19, 2023
Derrell Peel, Oklahoma State University Extension livestock marketing specialist, said the U.S. Department of Agriculture’s October cattle reports indicate markets have not yet recovered from drought in the southern plains.
Peel reviewed October market trends on an episode of “SUNUP,” the agriculture television show of OSU Agriculture, with the following highlights:
Cattle on Feed Report
• Placements were up 106% from 2022.
• Marketings were 89% of last year’s total.
• The combination of larger placements and lower marketings resulted in a 1% increase from October 2022, the fi...