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Cattle on Feed Preview 09/19 09:25


Cattle on Feed Preview 09/19 09:25

By ShayLe Stewart
DTN Livestock Analyst

USDA Actual Average Estimate Range
On Feed Sept. 1 99.4% 98.5-100.0%
Placed in August 94.5% 88.9-97.8%
Marketed in August 98.4% 97.6-98.8%

With all projected figures remaining under the 100% threshold,
cattlemen expect a bullish Cattle on Feed Report Friday. With
the biggest spread being on the placement projection, there is
little consensus on how many cattle have been transported to
feedlots in September. Largely, this makes sense with cattlemen
being able to hold cattle on grass pastures longer this year.
And with a weaker feeder cattle market in the last month, most
aren't eager to send stock to the feedlots just yet. However,
this can be seen as advantageous: With the fall run beginning in
less than a month, feedlots will have plenty of room to welcome
new pens of cattle in.

Overall, the COF report should have little impact on the market
this month if estimated figures hold true.

The USDA Cattle on Feed report is scheduled for release at 2
p.m. CDT on Friday, Sept. 20.

ShayLe Stewart can be reached at shayle.stewart@dtn.com