Cattle on Feed Report Expectations

August 17, 2011 11:36 AM
 

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

107.5%

103.8-109.2

Placements

116.9

106.4-126.6

Marketings

96.3

94.7-98.0

 


Juli says: Traders expect a big jump in On Feed and Placements from year-ago levels. Producers (once again) aggressively placed cattle due to drought in the Southern Plains. But as some point, we're going to be running VERY tight on available feeder cattle -- unless USDA underestimated the calf crop?!

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