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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