NEWS
Harrington's Sort and Cull
John Harrington DTN Livestock Analyst
Fri Nov 1, 2013 04:08 PM CDT

Getting excited over the Oct. 1 on-feed report finally released on Thursday (i.e., nearly two weeks late thanks to the government shutdown) seemed as pointless as betting on Monday Night Football's instant replays.

While it applied another nice coat of bullish supply paint, it didn't really tell us anything new. Feedlots have been emptying like a cracked cistern all year long, a simple function of improving pasture and backgrounding options on one hand and nonstop herd liquidation on the other.

I suppose the authority behind an official USDA audit made some producers and traders feel more confident about the tightness ...

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