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 | 104.0 | 102.9-105.5 |
Placements | 99.2 | 96.1-103.8 |
Marketings | 101.4 | 99.5-103.2 |
Juli says: Traders expect the report to reflect a tightening calf supply after Placements have pulled calves forward due to drought in the Southern Plains.
