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 | 93.4 | 92.8-93.8 |
Placements | 91.2 | 88.5-93.4 |
Marketings | 100.2 | 98.2-101.5 |
Juli says: With On Feed seen down from year-ago and Marketings about steady with year-ago, the report is expected to reflect a very current feedlot situation and points to tightening supplies through 2013.
