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Cattle on Feed Preview     07/22 09:25

                      USDA Actual   Average Estimate       Range
On Feed August 1                         100.7%     100.5-102.0%
Placed in July                           100.0%      98.6-108.5%
Marketed in July                         106.8%     106.1-107.6%

Friday's Cattle On Feed report is expected to remain generally 
uneventful with cattle on feed and placement levels projected to 
remain generally stable with year-ago levels, according to DTN 
Analyst Rick Kment. 

"Total cattle on feed numbers are estimated to be slightly above 
last year at 100.7% of levels seen August first 2018," Kment 
said. "Feeder cattle placements are projected even with year-ago 

"Of all market estimates, the cattle placement number appears to 
be most variable with a 10% range in analyst estimates, 
indicating there is limited consensus on the amount of cattle 
moving to feedyards in July. 

"Total marketings is expected to show the greatest increase, 
with market estimates at 106.8% year-ago levels."   

The USDA Cattle on Feed report is scheduled for release at 2 
p.m. CDT on Friday, Aug. 23.

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