High degree of uncertainty about coming cattle placements number

( )

On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.324 million head of cattle on feed as of July 1, down 1% from year-ago levels. Placements are expected to slide 4.1% and Marketings are expected to climb 2.1% from year-ago. But the relatively wide range of trade estimates (particularly for placements), signals quite a bit of uncertainty about the data coming Friday at 2:00 p.m. CT.

 

Avg. Trade Estimate

(% of year-ago)

Range
(% of year-ago)

Million head

On Feed on July 1

99.0

96.8-102.0

11.324

Placements in June

95.9

90.4-105.0

1.724

Marketings in June

102.1

99.4-105.0

2.010

 

 

Latest News

After the Bell | July 23, 2021

After the Bell | July 23, 2021 Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.

Friday Wrap-up | July 23, 2021

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

p4 Conservation Funds
GFN: Climate conscious farmers leading the way

Most farmers don’t need an incentive to do the right thing, says guest blogger Gabriel Carballal.

First Thing Today Audio | July 23, 2021

Temps cool in Canada but dryness remains, China's soybean imports are expected to slow in the second half of the year and GOP leaders say they will oppose efforts to increase government borrowing limits...

Likely Enough Votes in Senate Next Week to Clear Physical Infrastructure Measure

More WHIP+ aid focus next week | GOP has concerns about CRP sweetener