U.S. Cattle on Feed 1 percent above November 1, 2019 at 12 million head. This is the highest November 1 inventory since the series began in 1996. Placements in feedlots during October totaled 2.19 million head, 11 percent below 2019. Marketings of fed cattle during October totaled 1.87 million head, slightly below 2019. Other disappearance totaled 63,000 head during October, 7 percent above 2019.
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Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...