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)

(% of year-ago)

Million head

On Feed on July 1




Placements in June




Marketings in June






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