The latest Cattle on Feed report shows cattle placed on feed for March tumbled. University of Missouri livestock economist Scott Brown says this is only the second time placements have been this low. “When got placements in March that came in at 77.3 percent of a year ago,” he says. “Everyone knew that feeder cattle sales were really lagging as producers really got in a wait and see mode as prices moved lower.”
He says the above average grass conditions allowed producers flexibility and they could hold cattle longer if needed.