USDA Cattle on Feed Report Preview

OMAHA (DTN) -- Friday's Feb. 1 USDA Cattle on Feed report shouldn't ruffle any feathers in the market. If anything, it could be received as bullish if the pre-report estimates hold true.

The biggest outlier in this month's report will be the marketing data, which doesn't have a colossal effect on the market. It will likely show a double-digit decrease in the number of cattle marketed, as packers haven't been as aggressive in the cash market, as prices are at all-time highs.

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USDA will release its Feb. 1 Cattle on Feed report at 2 p.m. CST on Friday.

	USDA Actual	Average Estimate*	Range
On Feed Feb. 1		98.5%	97.8-98.8%
Placed in January		96.7%	92.7-99.5%
Marketed in January		87.0%	86.7-88.0%
* Estimates compiled by Dow Jones.

ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com

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