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USDA Cattle on Feed Report Preview
ShayLe Stewart 2/19 12:31 PM
OMAHA (DTN) -- Friday's Feb. 1 USDA Cattle on Feed report shouldn't ruffle any feathers in the market. If anything, it could be received as bullish if the pre-report estimates hold true.
The biggest outlier in this month's report will be the marketing data, which doesn't have a colossal effect on the market. It will likely show a double-digit decrease in the number of cattle marketed, as packers haven't been as aggressive in the cash market, as prices are at all-time highs.
**
USDA will release its Feb. 1 Cattle on Feed report at 2 p.m. CST on Friday.
| USDA Actual | Average Estimate* | Range | |
| On Feed Feb. 1 | 98.5% | 97.8-98.8% | |
| Placed in January | 96.7% | 92.7-99.5% | |
| Marketed in January | 87.0% | 86.7-88.0% | |
| * Estimates compiled by Dow Jones. | |||
ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com
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