Traders Expect COF Report to Reflect Drop in Cattle Placements

October 20, 2011 02:13 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

103.9

102.5-105.2

Placements

96.8

89.4-104.0

Marketings

100.8

99.3-103.0

 


Juli says: After several months of aggressive Placements, traders expect this report to reflect a tightening of available calf supplies. Meanwhile, feedlot supplies aer expected to be above year-ago and Marketings are expected to be up just slightly from year-ago.

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