USDA Cattle: Aug 1 On Feed 2.3% Below Year Ago, July Placements -8.3%
USDA's monthly on-feed report released Friday showed the number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of Aug. 1 at 2.3% below a year ago, slightly under the average of analysts' estimates.
Placements in July were reported at 91.7% of a year ago, about 2.8 percentage points below the average guess. The range of the guesses for placements was 3.5% to 9.6% under a year ago.
Marketings for July were reported at 94.7% of the year-ago figure, very...
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