LIVESTOCK MARKETS: Cattle market pressured by heavier weights

LIVESTOCK MARKETS: Cattle market pressured by heavier weights

Fewest number of heifers were on feed Jan. 1 out of the past 20 years.

More feedlot placements than expected, coupled with large supplies of cold storage beef, will pressure cattle prices in the near term, according to Texas A&M AgriLife Extension Service livestock economist Dr. David Anderson.

Anderson, a livestock economist in College Station, Texas, said the recent “Cattle on Feed” report released by the U.S. Department of Agriculture depicts fewer heifers placed on feed, signaling continued expansion among producers across the country.

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