Cattle on Feed Report: Marketings Lower, Placements Higher Than Expected in August


On this month’s Cattle on Feed report from USDA, we saw the on-feed number come in as expected at 101% but the surprises came in marketings and placements. The marketings number was 96%, less than the average estimate of 97% while the placements number was a whopping 102% which was above the trade estimate of 99%. Many in the trade expect this to be bearish to the cattle market.

Read the full report here: