(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 ...