For February, cattle placements in feedlots dropped 8 percent compared to a year ago, USDA noted. Net placements totaled 1.46 million head. For the month, placements of cattle and calves weighing less than 600 lbs. were 330,000; 600-699 lbs. were 270,000; 700-799 lbs. were 388,000; and 800 lbs. and greater were 535,000.
Cattle slaughtered during February totaled 1.52 million, 2 percent below 2014 levels. Cattle slaughtered for the month are the lowest since the series began in 1996, USDA noted. Other disappearance during February totaled 62,000, a 13 percent decline compared to February 2014.