USDA Cattle on Feed Report Preview

OMAHA (DTN) -- Friday's USDA Cattle on Feed report is expected to be bullish given that there's a chance that all three categories could be lighter than a year ago.

But as usual, traders will likely focus mainly on the placement category. As long as that figure is below a year ago, traders will likely be quick to deem the report as bullish and move on. If placements do come in at 91.7%, that will be a record low for the third consecutive month.

USDA will release its Oct. 1 Cattle on Feed report at 2 p.m. CDT on Friday.

**

	USDA Actual	Average Estimate	Range
On Feed Oct. 1		100.3%	98.8-100.8%
Placed in September		91.7%	88.1-95.1%
Marketed in September		92.8%	92.5-93.3%
* Estimates compiled by Dow Jones.

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

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