On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 12.023 million head of cattle on feed as of Feb. 1, up 0.8% from year-ago levels. Placements are expected slide marginally from year-ago levels, but the relatively wide range of expectations and some calling for an increase signals uncertainty about the figure. Marketings are expected to drop nearly 5% from year-ago. There were two fewer marketing days in January relative to year-ago. The report will be released at 2:00 p.m. CT Friday.
|
|
Avg. Trade Estimate (% of year-ago) |
Range |
|
On Feed on Feb. 1 |
100.8 |
99.6-101.1 |
|
Placements in January |
99.8 |
95.1-103.0 |
|
Marketings in January |
95.1 |
94.3-98.4 |
