Following are pre-report guesses for Friday afternoon’s Cattle on Feed Report:
Report expectations | Avg. Trade Guess | Range |
% of year-ago levels | ||
On Feed | 93.5 | 92.9-94.6 |
Placements | 91.0 | 86.3-96.3 |
Marketings | 92.7 | 91.2-96.0 |
If traders’ average guess of On Feed numbers is in the ballpark, it would put inventories at 10.918 million head -- 738,000 fewer animals than just one year ago.
