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 | 99.9 | 98.6-101.6 |
Placements | 92.7 | 88.2-102.4 |
Marketings | 98.5 | 97.3-98.9 |
Juli says: There is a wide range of pre-report expectations for On Feed and Placements, while traders generally agree about the Marketings data. If the average pre-report guess for On Feed is correct, it would come in around 81,000 head fewer than the five-year average.
