Texas experienced an 8.7 percent drop in cattle on feed, and Colorado posted a 13.2 percent decline. Meanwhile, Nebraska, Kansas, and Iowa all saw increases, with Iowa rising the most at 4.5 percent.
How feeder cattle contracts fell over $42 per hundredweight since mid-October despite strong fundamentals and tight supplies.
The report included a rare event with Texas slipping to No. 2, reporting 10,000 fewer cattle on feed than Nebraska, 2.63 ...
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