| |
Cattle on Feed Report Preview 04/17 12:32
Pre-Report Estimates Predict Mostly Bullish April 1 Cattle on
Feed Report
By ShayLe Stewart
DTN Livestock Analyst
USDA Actual Average Estimate* Range
On Feed April 1 99.2% 98.5-100.0%
Placed in March 99.0% 96.3-105.0%
Marketed in March 92.3% 91.8-92.9%
* Estimates compiled by Dow Jones.
OMAHA (DTN) -- USDA's April 1 Cattle on Feed report due out on
Friday isn't expected to ruffle any feathers and will likely be
mostly on the bullish side of the spectrum for the cattle
complex if pre-report estimates prove correct.
Again this month, the big line-item to watch will be the
placement data, as it's been the wild card for several months.
But based on Dow Jones' survey of analysts, the range of
placement estimates isn't as wide this month, and most believe
that they will land somewhere around 93.5% of a year ago. It is
worth noting that last year (2025), placements were shockingly
lower in February, but then the market saw an uptick in
placements for March 2025. But even with the year-over-year
comparison, the fact remains that the border remains closed to
Mexican cattle, which is affecting placement numbers.
**
USDA will release its April 1 Cattle on Feed report at 2 p.m.
CDT on Friday.
ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
|
|
