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 | 103.9 | 102.5-105.2 |
Placements | 96.8 | 89.4-104.0 |
Marketings | 100.8 | 99.3-103.0 |
Juli says: After several months of aggressive Placements, traders expect this report to reflect a tightening of available calf supplies. Meanwhile, feedlot supplies aer expected to be above year-ago and Marketings are expected to be up just slightly from year-ago.
