NEWS
Lower Cattle Numbers Expected
Tue Jun 18, 2013 02:59 PM CDT

(Dow Jones) -- Analysts project cattle placements, or the number of young cattle entering feedyards, in May were below the previous-year figure as fewer young cattle were imported from Mexico last month and pasture conditions have improved in many areas of the country.

In addition, the year-ago placement figure was large, well-above the five-year average, since farmers and ranchers in several states were dealing with poor pastures, high hay costs and lack of water. So while the May placement figure is projected to be down 4.1% from a year ago, the average of the estimates is 5.6% above the five-year ...

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