Cattle on Feed Once Again Expected to Come in Near Year-ago Levels

Posted on 03/21/2019 4:16 PM

On average, analysts surveyed by Reuters expect Friday’s Cattle on Feed Report to show there were about 11.663 million head of cattle on feed as of March 1. Placements are also expected to come in under year-ago at around 1.748 million head, a 3.8-point drop from the year prior. Marketings are expected to come in up 1.5% from year-ago, but there’s some uncertainty about that category, as evidenced by the 8-point spread on the range of pre-report estimates. The spread is also quite wide on Placements.

Cattle on Feed Report Expectations

Avg. Trade Estimate

(% of year-ago)

Range

On Feed on March 1

99.6

98.6-100.6

Placements in February

96.2

92.0-101.5

Marketings in February

101.5

99.7-107.7

 

We will have coverage of the report online and in “Evening Report” Friday after its 2:00 p.m. CT release.

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