Traders Well Prepared for Cattle on Feed Report

Posted on 03/09/2017 10:18 AM
Traders did an excellent job anticipating what USDA's Cattle on Feed Report would show. The average pre-report estimates for all three categories were in line with USDA's actual numbers. The Feb. 1 feedlot inventory at 10.782 million head was just 3,000 head less than the average pre-report estimate, while placements were 4,000 head mo...