Traders Expect COF Report to Reflect Tightening Calf Supplies

November 17, 2011 07:40 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

104.0

102.9-105.5

Placements

99.2

96.1-103.8

Marketings

101.4

99.5-103.2

 


Juli says: Traders expect the report to reflect a tightening calf supply after Placements have pulled calves forward due to drought in the Southern Plains.

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