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Cattle on Feed Preview 05/21 14:20


Cattle on Feed Preview 05/21 14:20

USDA Actual Average Guess Range
Cattle on Feed:
On Feed May 1 xxxxx 103.1% 102.3-103.8%
Placed in April xxxxx 114.4% 109.7-118.9%
Marketed in April xxxxx 106.6% 105.9-107.1%

"Early Cattle on Feed estimates appear to remain bearish for
both live cattle and feeder cattle markets with strong increased
in cattle placements expected, at 114% year ago levels, while
total on-feed estimates range are seen at 103%," said DTN
Analyst Rick Kment. "The glimpse of hope seen in the pre-report
estimate is the increased marketing level of 106%, which could
help lead to additional clearance through the rest of the
summer."

The USDA Cattle on Feed report is scheduled for release at 2
p.m. CDT on Friday, May 24.