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Cattle on Feed Report Preview 06/18 17:11
May Placements Expected To Be Down in Friday's June 1 Cattle on
Feed Report
By ShayLe Stewart
DTN Livestock Analyst
USDA Actual Average Estimate Range
On Feed June 1 99.0% 98.1-99.6%
Placed in May 94.9% 88.0-97.7%
Marketed in May 90.3% 89.3-95.0%
OMAHA (DTN) -- Friday's June 1 USDA Cattle on Feed report is
expected to be bullish as, once again, the placement data is
lighter than a year ago.
The big question that will need to be answered on Friday,
though, is exactly how many cattle were placed. Between there
being rumblings that some producers may be keeping heifers back
for replacements and the undeniable fact that imports from
Mexico are halted right now, knowing exactly how many cattle
were placed remains the tricky part of this equation.
However, Friday's report isn't expected to show any wild cards
and should be seen by the market as bullish.
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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