Cattle on Feed Report Expectations: How Tight is Key

January 23, 2014 08:51 AM
 

 

 

Throughout 2013, USDA's Cattle on Feed Report pegged On Feed supplies below year-ago -- the same is expected this year. Therefore, key to the market is just "how tight" those supplies are estimated month after month. Following are pre-report expectations ahead of the Friday, 2:00 p.m. CT, Jan. 24 report:

Report expectations

Avg. Trade Guess

Range

% of year-ago levels

On Feed

94.0

92.5-94.7

Placements

98.1

91.4-102.1

Marketings

102.2

97.7-104.5

 


 

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