Cattle placed in the month of May came in lower than expected as did marketings, resulting in a June 1, on feed number of record proportions. June 1 of 2022 showed 11.846 million head on feed. Compared to a year ago, placements showed early signs of drought stress with the under 600 pound category 4% higher than last year.
For more on this topic, see the Livestock Monitor article below.