Julianne Johnston

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On Feed seen higher than year-ago, with Placements lower.
All Cattle & Calves seen at 98.6% of year-ago levels.
Report to show On Feed at 100.3% of year-ago levels.
Three plants will remain closed due to dwindling demand for the product.
Key figures from this morning’s reports.
To conduct a tour of BPI on Thursday.
Expects beef exports to increase in 2012, although at a slower rate than production.
To show Placements above year-ago and Marketings just below year-ago.
Controversy over lean finely textured beef results in plant closures.
FAPRI provides baseline projections to Congress.