COF Report Expected to Show All Categories Below Year-Ago

September 20, 2012 05:35 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

99.9

98.6-101.6

Placements

92.7

88.2-102.4

Marketings

98.5

97.3-98.9

 


Juli says: There is a wide range of pre-report expectations for On Feed and Placements, while traders generally agree about the Marketings data. If the average pre-report guess for On Feed is correct, it would come in around 81,000 head fewer than the five-year average.

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