'Cattle on Feed' shows slight rise in inventory.

"Cattle on Feed" shows slight rise in inventory The U.S. Department of Agriculture released the latest "Cattle on Feed" report this week, showing that the inventory for feedlots with capacity of 1,000 head or more totaled 12.0 million head on Nov. 1, 2020, a 1% rise from Nov. 1, 2019. "While an 11% decline in placements is bullish for future supplies of fed cattle, this was widely expected by the industry", he noted. [Extracted from the article]