USDA Cattle On Feed Report 09/23 14:10
By John A. Harrington
DTN Livestock Analyst
USDA Actual Average Guess Range
Cattle On Feed:
On Feed September 1 101.0% 101.0% 105.5-102.0%
Placed in August 115.0% *113.0% 108.5-118.0%
Marketed in August 118.0% 117.0% 112.5-118.0%
*Corrected from the Preview.
The September 1 Cattle on Feed report looks generally neutral
compared with trade expectations. August placement turned out to
be somewhat larger than expected, but probably not enough to be
a market mover, per se. Keep in mind that the large percentages
say more about last year's small totals than significant
increases in 2016. Also, percentages were somewhat skewed by the
fact that last month contained two additional business days than
August 2015. We don't expect to see a significant reaction to
these numbers when trade resumes on Monday.
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