TAGS: Marketing, Overseas
December 18, 2014
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
|
93.5
|
92.9-94.6
|
|
Placements
|
91.0
|
86.3-96.3
|
|
Marketings
|
92.7
|
91.2-96.0
|
If traders' average guess of On Feed numbers is in the ballpark, it would put inventories at 10.918 million head -- 738,000 fewer animals than just one year ago.