Live cattle futures have been choppy this week as traders wait on the Cattle on Feed Report that was delayed from earlier in the month due to the government shutdown. The report will be released Thursday, October 31, at 2:00 p.m. CT.
Following are pre-report expectations:
Report expectations | Avg. Trade Guess | Range |
% of year-ago levels | ||
On Feed | 92.6 | 91.6-93.7 |
Placements | 100.7 | 97.5-107.0 |
Marketings | 104.3 | 100.1-106.7 |
Pro Farmer Digital Managing Editor Julianne Johnston provides additional perspective ahead of the report:
