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USDA conducting national feedlot study

Study focusing on cattle health and management on U.S. feedlots with at least 50 head.

Stronger placements seemed to be primarily in areas experiencing drought stress.

Flows of cattle through feedlots should begin to show more consistent tightening in 2021.

Fed cattle backlog expected to continue to plague feedlots and fed cattle markets for many weeks.

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

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