Cattle futures rise after record-low August feedlot placements
USDA reported August feedlot placements of 1.62 million head, the lowest on records back to 1996. The placements were 9% below the year-earlier month. Fed cattle marketings were 1.52 million head and were down on the year; cattle futures are higher.
Cattle futures are higher after the USDA on Friday reported the lowest placements on feedlots for August on records stretching back to 1996. 62 million head placed in August were 9% below the year-earlier month. 52 million head were down3% on the year and also a…