The number of cattle placed in U.S. feedlots last month was up 15 per cent from a year earlier, a government report showed Friday, and analysts said reduced feed costs encouraged fattening cattle for slaughter.
The U.S. Department of Agriculture reported April placements at 1.75 million head, up 15 per cent from 1.521 million in April 2012. Analysts, on average, estimated a 13.1 per cent increase.
"The price for corn was much lower in April than in March so it made it more attractive to place…
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