Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on June 1, a 4 percent increase from the year-earlier figure and the highest June inventory since the series began in 1996. Right about in line with analysts’ expectations, the latest June tally marked the 18th straight month of year-on-year increases. Feedlot inventories.
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