464
by Jerry Harrington, DTN Livestock Analyst
The November 1 Cattle on Feed report proved to be well anticipated with
all three major categories lining up close with trade expectations. Note
that big lot placement during October (2.18 million head) was the
smallest in-movement for the month since the data series began in 1996.
Cattle on Feed November 1
USDA Actual: 95{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Average Guess: 94.5{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Range: 93.5 – 96{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Placed in October
USDA Actual: 87{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Average Guess: 87.5{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Range: 83.5 – 92{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Marketed in October
USDA Actual: 103{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Average Guess: 102.5{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Range: 101 – 103.5{8a1275384cb93b18aa3d41af404144e37302a793dec468d70d54c97b65cfac05}
Cattle futures are likely to open some higher on Monday when trade
resumes, encouraged by confirmation of declining on-feed supplies and
evidence of generally steady feedlot sales developing late this week.
Source: DTN
Posted by Haylie Shipp
