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Fewer On-Feed Cattle Than Expected
Fri Sep 20, 2013 04:17 PM CDT

(DOW Jones) -- Government data for the number of cattle in the nation's feedyards as of Sept. 1 and placements in August were below their respective averages of analysts' expectations.

The U.S. Department of Agriculture's cattle-on-feed report released Friday

showed about 11% fewer young cattle, known as placements, entered U.S. feedyards in August compared with a year ago, while the number of head on feed as of Sept. 1 was down 7% from 2012.

The placement number at 1.788 million head was well below the average of

analysts' estimates, which was 8.4% fewer than in 2012. It was also the ...

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