Cattle on Feed Report To Reflect Current Feedlot Situation

November 16, 2012 01:55 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

94.6

93.5-96.0

Placements

87.3

83.3-92.0

Marketings

102.6

100.8-103.5

 


Juli says: Sharply higher feed costs have resulted in a dramatic slowdown in Placements and the number of cattle On Feed. However, traders look for the report to reflect Marketings were strong last month, resulting in a current feedlot situation. This suggests On Feed numbers will continue to shrink in the coming months.

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