Feedlots Gain Strength as Cattle Inventories Rise
Washington AP report notes renewed activity in seven key states with 8,252,000 cattle fed for slaughter on Dec 1, up 3 percent from a year earlier. Placements last month reached 1,955,000 head, up 47 percent from November 1974, as prices rise and feed costs fall. Survey states account for about one third of U S grain fed beef. Local figures show increases across Arizona California Colorado Iowa Kansas Nebraska Texas with double digit gains in most.
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