Cattle on Feed Report 12/19 14:05
By John A. Harrington
USDA Actual Average Guess Range
Cattle On Feed:
On Feed December 1 101.0% 101.0% 100.0-102.5%
Placed in November 96.0% 96.0% 93.5-102.0%
Marketed in November 89.0% 90.0% 88.5- 93.5%
The monthly feedlot inventory just released appears to be well
anticipated with all three categories coming in very close to
Note that November's marketing total was the smallest recorded
since 1996. On the other hand, placement efforts last month
turned out to be the second lowest since 1996.
While cattle futures may open higher on Monday, early buying is
not likely to be related to these rather boring numbers.
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