Placements of cattle into U.S. feedlots surged in February.
The USDA says February placements were larger than expected, up 10% on the year at 1.793 million head, due to generally better weather in the major U.S. feeding areas than in January and the extra business day due to the Leap Year.
That’s the biggest February placements number since the series of reports began in 1996.
February marketings were 1.89 million head, 3% higher than the previous year, while the total number of cattle on feed in the U.S.
