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 | 102.0 | 101.3-103.1 |
Placements | 92.3 | 88.6-96.9 |
Marketings | 94.5 | 93.0-96.3 |
Juli says: Based on the average pre-report trade guess, traders look for the report to show the number of cattle On Feed down from last month’s level. With Placements expected to be down from year-ago, the number on cattle On Feed will soon come in below year-ago levels and stay there the rest of the year.
