Traders Preparing for Cattle on Feed Report

May 17, 2013 03:09 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

96.3

95.0-98.0

Placements

112.1

104.9-122.0

Marketings

102.9

100.0-104.1

The range of guesses for Placements of 104.0%-122.0% makes this the "wildcard" category for the report. If traders' average guesses are on target, the report will be more supportive for deferred futures as it suggests marketings will be tightening dramatically later this year.


 

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