USDA Cattle: April 1 On-Feed Data -4.4% from Year-Ago
The number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of April 1 was down 4.4% from a year ago, according to USDA's monthly on-feed report released Friday afternoon.
The report showed the on-feed number about 0.8 percentage point above the average guess of analysts participating in the Urner Barry survey, which was 94.8%.
Placements in March were reported at 99.4% of a year ago, compared with the average guess of 95.2%. The range of the guesses for placements was 1%...
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