Cattle placements into American feedlots fell to their lowest September level on record, according to USDA's latest Cattle on Feed report. September placements totaled 1.78 million head, down twelve percent from a year earlier. That's the lowest September total since USDA began tracking the figures in 1996. The number of cattle on feed October first totaled 11.37 million head, slightly below last year's level. Marketings also declined seven percent to 1.52 million head, another record September low.

<p>By: NATHAN STUEDLE</p><p>Cattle placements into American feedlots fell to their lowest September level on record, according to USDA's latest Cattle on Feed report. September placements totaled 1.78 million head, down twelve percent from a year earlier. That's the lowest September total since USDA began tracking the figures in 1996. The number of cattle on feed October first totaled 11.37 million head, slightly below last year's level. Marketings also declined seven percent to 1.52 million head, another record September low.</p>

Cattle placements hit record September low