By Kirk MaltaisPlacements of cattle on feedlots fell by more than anticipated by analysts, according to the latest data from the Department of Agriculture. In its latest monthly Cattle on Feed report, the USDA said that placements of cattle on feed fell by 6.9 percentage points, which is more than the 3.6-point drop forecast by analysts surveyed by The Wall Street Journal. Marketings of cattle also fell, dropping by 8.7 points, slightly above the 8.5-point drop forecast by analysts. To see related data, search "USDA Monthly Cattle on Feed Data" in Dow Jones NewsPlus. Write to Kirk Maltais at kirk.maltais@wsj.com(END) Dow Jones NewswiresJuly 19, 2024 15:36 ET (19:36 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal July 19, 2024 19:55 UTC