Cattle on Feed Report: Marketings Seen Above Year-Ago

February 21, 2013 05:56 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

93.8

93.3-94.3

Placements

100.3

97.5-104.0

Marketings

104.7

103.2-106.6

 


Juli says: If traders' average guess for On Feed is in the ballpark, it would suggest feedlot supplies are more than 650,000 head small than last year at this time. As a result, Marketings will soon begin to decline compared to year-ago levels to very tight levels.

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