Cattle numbers will be supportive in 2021

The December Cattle on Feed report showed that we are back where we started one year ago with December 1 feedlot inventories just equal to last year. November placements were down 8.9 percent from one year ago. November marketings were 98 percent of last year. The report was well anticipated with no surprises, though the low placements in this report will likely be viewed as mildly bullish. …

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