The September cattle on feed report had a much smaller than expected placements figure and according to one analyst, that was largely due to regional factors.
Derrell Peel, Livestock Marketing Specialist at Oklahoma State University, tells Brownfield the trade was largely focused on drought in the Southern Plains, “What the backdrop here is, without the drought we have extremely tight feeder supplies and without the drought, we would have not been expecting these kinds of increases on a
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