USDA Cattle on Feed Report Preview
Market Watching to What Degree On-Feed, Placement Numbers Lower in April 1 Cattle on Feed Report
OMAHA (DTN) -- Friday's April 1 USDA Cattle on Feed report should come with little to no surprises. On-feed numbers will be lighter, placements will be lighter and marketings again will be robust.
All of this should aid the live cattle and feeder cattle markets in trading steady to somewhat higher. What will affect the market more than anything is the degree to which on-feed and placements are lower. It's hard to tell whether this report will help the market actually trade higher, as the Cattle on Feed report has historically been more apt to affect the market when its findings are poor as opposed to supporting the market when its findings are supportive.
USDA will release its April 1 Cattle on Feed at 2 p.m. CDT on Friday.
USDA Actual | Average Estimate | Range | |
On Feed April 1 | 94.8% | 94.1-95.4% | |
Placed in March | 94.9% | 91.5-99.0% | |
Marketed in March | 98.8% | 97.2-99.6% |
ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com
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