Markets in 60 seconds: 2/23/15

Markets in 60 seconds: 2/23/15

Australia feedlots: Cattle numbers in Australian feedlots rose again for the December quarter to the highest level on record. The 6% increase to 965,000 head was the third consecutive quarterly rise, eclipsing the previous record of 940,000 in the June 2006 quarter. All feedlot states except Queensland reported a jump in cattle numbers. Currently, 84% of Australia's feedlot capacity is being utilized, surpassing the previous benchmark of 83% set in 2006. Grain-fed beef ex

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