Traders are preparing for Friday afternoon’s monthly Cattle on Feed Report.
Following are pre-report guesses:
Report expectations | Avg. Trade Guess | Range |
% of year-ago levels | ||
On Feed | 100.7 | 98.8-101.9 |
Placements | 114.2 | 99.4-118.6 |
Marketings | 105.2 | 102.7-106.6 |
Meghan says: The Placements category will again be the wildcard, as evidenced by the very wide range in pre-report expectations. All categories are expected to come in well above year ago, as hot, dry weather on the Plains has encouraged producers to move cattle to feedlots and market earlier than usual.
