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U.S. On-Feed Cattle Projected to Drop
Wed Sep 18, 2013 05:08 PM CDT

(Dow Jones) -- The number of young cattle entering U.S. feed yards in August was predicted to be the lowest on record for the month, down 8.4% from the year before, according to a Wall Street Journal survey for a federal cattle-on-feed report.

The U.S. Department of Agriculture will release the report at 3 p.m. EDT (1900 GMT) Friday.

After the historic drought in 2012, feed costs are projected to drop sharply following the harvest of the new corn crop. However, until combines begin rolling through the largest grain-producing regions in the central Midwest, livestock market-watchers have said prices for ...

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