Little change in US feeder inventory

(Postmedia Network file photo)

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There was little change in the latest USDA Cattle on Feed report as the overall inventory rose only slightly from a year ago.

The report shows there were 11.8 million head of cattle and calves on feed for slaughter in large US feedlots as of Mar. 1 barely higher than on the same day last year.

Producers placed 1.71 million head on feed during February, a drop of eight per cent from the previous year.

Marketings of fed cattle during February totaled 1.78 million head, up five per cent.