Cattle on Feed Report Preview 05/22 08:51
Wide-Ranging Placement Estimates Put May Cattle on Feed Report
in the Spotlight
By ShayLe Stewart
DTN Livestock Analyst
USDA Actual Average Estimate* Range
On Feed May 1 101.6% 100.2-102.4%
Placed in April 104.6% 96.2-108.5%
Marketed in April 90.7% 89.9-91.7%
* Estimates compiled by Dow Jones.
OMAHA (DTN) -- Friday's May 1 USDA Cattle on Feed report needs
to be on your radar, as it's expected to be a heavy hitter for
the marketplace.
With placements anticipated to range anywhere from 96.2% to
108.5%, traders will likely remain on edge until the data is
released and clarity can be sought. The two biggest reasons why
the placement data is expected to be greater than a year ago are
because drought has pushed more feeders into feedlots earlier
than normal, and feedlot turnover is slower than years past as
cattle continue to be fed to greater weights.
**
USDA will release its May 1 Cattle on Feed report at 2 p.m. CDT
on Friday.
ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com
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