NEWS
USDA Cattle-On Feed Report
Fri May 17, 2013 03:48 PM CDT

(Dow Jones) -- The number of young cattle that entered the nation's feedyards in April, referred to as placements, was up 15.1% from a year ago. However, the 2012 figure was the smallest since 2002, tempering the impact of the year-on-year increase.

The placement number of 1.750 million head in the U.S. Department of Agriculture's monthly cattle-on-feed report, released Friday afternoon, was above the average of analysts' estimates of a 12.1% increase over a year ago. The range of expectations for placements was for increases between 4.9% and 22% from a year ago.

The USDA reported 10.735 million head of ...

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