Most Expect a Big Jump in October Placements

Posted on 11/20/2019 3:12 PM

On average, analysts surveyed by Reuters expect Friday’s Cattle on Feed Report to show there were around 11.829 million head of cattle on feed as of Nov. 1, a 1.2%. Placements will be the wildcard, with the range of guesses spanning nearly 23 percentage points. Most are calling for at least an 8% rise in October placements, with just one guess for a year-over-year reduction.

 

Avg. Trade Estimate

(% of year-ago)

Range

On Feed on Nov. 1

101.2

98.2-102.5

Placements in October

111.4

96.2-119.0

Marketings in October

99.7

99.3-100.1

 

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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