Beef prices have hit their highest levels since the summer of 2008
Feedlot operators, boosted by a revival in profitability, last month bought up more than 1.9 million cattle to fatten up for slaughter in a bid to cash in on a booming beef market.
Official data will show the number of cattle placed on U.S. feedlots rising last month by 6.6%, or about 120,000 head, compared with March last year, analysts believe.
The increase will more than make up for the rise in the number of animals feedlots sold for slaughter, expected to have risen by 4.9%, as operators rushed to cash in on a rising beef market.
"The report is expected to cattle placed in feedlots with expand for the first time in many months," said a broker with U.S. Commodities.
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