Oklahoma feedlots with capacity of 1,000 head or more see cattle on feed down 6% year-over-year to 340,000 head on March 1, USDA says; feedlot placements down 20% to 48,000 head in February

OKLAHOMA CITY, Oklahoma , March 23, 2012 (press release) – Oklahoma: The Oklahoma inventory of cattle on feed for feedlots with capacity of 1,000 or more head, totaled 340 thousand head on March 1, 2012, down 4 percent from the previous month and down 6 percent from March 1, 2011. Placements during February were 48,000, down 20 percent from one year ago. Marketings of fed cattle during February were 61,000 head, down 16 percent from the same month last year. Other disappearance during February totaled 2,000 head.

United States: Cattle and calves on feed for slaughter market in the United States, for feedlots with capacity of 1,000 or more head, totaled 11.7 million head on March 1, 2012, 3 percent above March 1, 2011. Placements during February totaled 1.71 million, 3 percent above one year ago. Net placements were 1.62 million head. Marketings of fed cattle during February totaled 1.76 million. Other disappearance totaled 93,000 head during February.

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