The U.S. Department of Agriculture (USDA) released their August 2023 Cattle on Feed Report which shows the number of cattle and calves on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head was 11.0 million head on August 1, 2023. The inventory was 2 percent below August 1, 2022. And according to a report ...

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