February Marketings a Questionmark

Posted on Wed, 03/17/2021 - 15:17

On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.976 million head of cattle in feedlots as of Feb. 1, up 1.4% from year-ago levels. Expectations for placements during February span 10.8 points, signaling a high degree of uncertainty about that category in the report. It will be released at 2:00 p.m. CT Friday.

 

Avg. Trade Estimate

(% of year-ago)

Range
(% of year-ago)

On Feed on March 1

101.4

100.3-102.0

Placements in February

97.6

94.2-103.6

Marketings in February

98.1

95.0-105.8