Beef Market Update - Feb US Cattle on Feed Placement Down 14% in Comparison to Last Year

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With growing speculation that feedyards in the US and Canada would be attempting to contain losses by limiting the amount of cattle they fed, the February placement number in the USDA Cattle on Feed Report confirmed it.

The March 22, 2013 USDA Cattle on Feed report showed the February placement number down 14% in comparison to a year ago.

In this week edition of the Beef Market Update, Shaun Haney and I discuss why this number surprised the trade and what it means for the rest of 2013 for ranchers and feeders in Canada and the US.

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