Placements down 15 percent in recent USDA report

May 25, 2012
This month’s USDA cattle on feed report defied projections for a bullish result. Pre-report estimates placed the cattle on feed on May 1 at 100.5 percent of last year’s numbers, placements at 88.5 percent, and marketings at 98.5 percent. Actual reported numbers for cattle on feed and placements were below estimates, and marketings exceeded expectations.

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