Cattle Report Shows Growth

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In the semi-annual Cattle report the nation's inventory is up two percent from last year. The first increase in years.
In Iowa, calves and cows on feed for slaughter in all feedlots totaled 1.2 million, down four percent from last month but up five percent from last year.
The report says the 2015 calf crop is 34.3 million. Of the 98.4 million cattle and calves, 39.8 million were cows and heifers that have calved. Of that, 30 million were beef cows and nine million were milk cows.
Market analyst Don Roose with U.S. Commodities says the report was mostly long term, "We had the cattle inventory report, which certainly told us that we're on an expansion phase. But short term, it's the Cattle on Feed report was basically a little bit supported for the placement figure, it was down 3.5 percent the trade thought it was going to be down a half a percent. So that's positive."