Cattle on Feed Report 09/19 14:05
By John Harrington
DTN Livestock Analyst
Actual Guess Range
Cattle On Feed:
On Feed Sept 1 98% 99.0% 97.0-100.0%
Placed in August 97% 96.0% 92.5-99.5%
Marketed in August 90% 90.5% 90.0-93.0%
New on-feed numbers released Friday afternoon look generally neutral with
all three categories fitting close to trade expectations.
Though a bit larger than the average trade guess, August placement
activity represented the smallest late-summer total since the data series
began in 1996.
Marketings of fed cattle during August also represented the lowest total
since the series began in 1996.
Little reaction is expected by traders when CME trading resumes on Monday.
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