date:Jul 28, 2014
ttlement rose 0.4 percent to $2.1825 a pound today.
The price climbed for the seventh straight session, the longest rally since June 10.
The commodity has jumped 30 percent this year.
In June, placements of cattle into feedlots dropped 6.2 percent to 1.46 million head from a year earlier, the USDA said today.
Analysts in a Bloomberg survey expected a 3.8 percent decline.
Producers are beginning to hold back heifers to rebuild herds amid the high cattle prices, Nalivka said.
Feedlot operato