Throughout 2013, USDA’s Cattle on Feed Report pegged On Feed supplies below year-ago -- the same is expected this year. Therefore, key to the market is just “how tight” those supplies are estimated month after month. Following are pre-report expectations ahead of the Friday, 2:00 p.m. CT, Jan. 24 report:
Report expectations | Avg. Trade Guess | Range |
% of year-ago levels | ||
On Feed | 94.0 | 92.5-94.7 |
Placements | 98.1 | 91.4-102.1 |
Marketings | 102.2 | 97.7-104.5 |
