U.S. August cattle placements fall to record low

U.S. feedlots placed fewer cattle in August than in any other August since the data series began in 1996, according to the latest Cattle on Feed report from the United States Department of Agriculture (USDA).Despite the decline, cattle and calves on feed for the slaughter market in feedlots with a capacity of 1,000 head or more totalled 11.2 million head as of September 1, up one per cent from a year earlier.August placements totalled 1.62 million head, down nine per cent from the previous year.