Overall the feedlot inventory showed that we continue to have more cattle on feed but high break evens on those cattle will continue to make feedlots reluctant in aggressively marketing cattle.
April will be critical for feedlots as retailers and food service operators get in gear for the start of the grilling season. It remains to be seen if all the negative stories about LFTB have any lasting impact on ground beef demand. Ground beef accounts for between 40-45% of all beef consumed in the US. Cattle carcass weights are now record large for this time of year and on Friday USDA pegged cattle carcass weights at 792 pounds, about 23 pounds or 3% higher than a year ago.
As seen on marketwatchonline.com
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