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Record cattle-on-feed

Sandhusker

Well-known member
From Drovers
Record number of cattle-on-feed
January 1 U.S. cattle-on-feed was record large at 12.099 million head, according to the U.S. Department of Agriculture. The January cattle-on-feed was 101 percent of a year ago, up more than 120,000 head, and more than one million head larger than the 10-year average. Marketings were pegged at one percent above last year at 1.645 million. Placements, at 1.701 million, were down one percent compared to 2007.
Analysts say the report shows ample numbers of fed cattle will be marketed during the first half of 2008. Total meat supplies are projected to be record large, and with the American economy softening, beef demand could weaken. However, winter weather can always influence prices for harvest-ready cattle
 

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