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Slight Increase To June Cattle On Feed Figures

11,699,000 head of cattle were in the nation’s feedlots at the start of June, just above last year’s total and slightly lower than last month.  The monthly Cattle On Feed report from USDA mirrored trader expectations, as marketings jumped 23 percent to 1,870,000 head.  May placements were lower than expected, at 1,911,000.  Placements in all weight categories except cattle under 600 pounds increased from April’s movements.

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