Feedlot Populations Back Above 12 Million

Feedlots started the festive season with nearly three percent more cattle on hand compared to a year ago.  The monthly Cattle on Feed report determined that 12,006,000 head were in the nation’s largest feedlots at the start of December, a gain of 63,000 head during November and 313,000 stronger than a year ago.  The increase was on the high end of trader estimates.  Placements were also higher than expected at 1,868,000 head, down two percent, while marketings were lower than expected at 1,751,000.