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Feedlot placements higher

Heifers and heifer calves continue to comprise a larger portion of the on-feed mix.

Cattle on feed numbers declined for the first time in a long while.

Markets will likely view the latest Cattle on Feed report as neutral.

Markets will likely view placement numbers as neutral to a touch bullish.

There were fewer placements and slightly fewer cattle on feed than expected, but also fewer marketings.

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