Cattle on Feed Report Expected to Show a Surge in Placements

June 20, 2012 10:49 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

100.7

98.8-101.9

Placements

114.2

99.4-118.6

Marketings

105.2

102.7-106.6

 


Meghan says: The Placements category will again be the wildcard, as evidenced by the very wide range in pre-report expectations. All categories are expected to come in well above year ago, as hot, dry weather on the Plains has encouraged producers to move cattle to feedlots and market earlier than usual.

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