Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.2 million head on July 1, 2023. The inventory was 2 percent below July 1, 2022. The inventory included 6.73 million steers and steer calves, down 3 percent from the previous year. This group accounted for 60 percent of the total inventory. Heifers and heifer calves accounted for 4.47 million head, unchanged from 2022. Placements in feedlots during June totaled 1.68 million head, 3 percent above 2022. Net placements were 1.61 million head. During June, placements of...

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