Feedlot Inventories at Another Monthly Record High

OSU Extension’s BEEF Cattle Letter noted that the June 1 cattle‑on‑feed report showed 11.85 million head, the highest June 1 figure since the series began. May placements were down 2.1% year over year, with lighter cattle (<700 lb) placements up 5 % and heavy placements down 5.5%. Marketings were about 2.5% above 2021. High inventories imply tighter replacement supplies later in the year.

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