Placement Uncertainty Heading into Cattle on Feed Report

Posted on Fri, 02/19/2021 - 06:40

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
(% of year-ago)

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