Cattle on Feed Report: Placements Serve as 'Read' For Report

April 18, 2013 05:33 AM
 

 

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

93.9

92.7-95.5

Placements

99.1

92.1-103.2

Marketings

93.5

92.4-95.1

 

The Placements category will serve as the "read" on the report as pre-report guesses range from 92.1% to 103.2% of year-ago levels. Meanwhile, On Feed and Marketings are expected to come in below year-ago levels as supplies have tightened. But for now, the focus is not on the tight supply situation, instead, traders' focus is on demand.


 

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