Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — In the latest USDA Cattle on feed report, the December 1, 2019 feedlot inventory was 12.03 million head, 102.5 percent of last year and the highest December total since 2011. The December inventory was the highest monthly total for year, as it has been six of the last ten years. The annual average feedlot inventory in 2019 was 11.62 million head, the highest twelve-month moving average since the current data series began in 1996. November marketings were 1.813 million head, 97 percent of last year and about as expected.…
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