Traders Expect Sharp Reduction in Cattle Numbers

March 21, 2013 07:46 AM
 

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.


 

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