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Larger beef supply ahead likely a bit bearish
Story Date: 4/23/2013
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Source: FARM PROGRESS, 4/19/13
Based on feedlot surveys, USDA estimated cattle on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.909 million head on April 1, 2013. The inventory was 5% below April 1, 2012. On average traders expected the inventory to be down about 6.1%.
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