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USDA Cattle on Feed Preview 03/21 13:30

By Rick Kment
DTN Analyst

                                             USDA    Pre-report Estimates
                                             Actual      Avg     Low    High
On feed March 1                                          99.7    99.0   100.6
On feed February 1
Placed on feed during February                           96.0    92.2   101.5
Fed cattle marketed during February                     100.8    99.7   101.3

Little significant change is expected in the Cattle on Feed report Friday with 
current estimates pegging total on feed levels at 99.7% of year-ago levels. The 
expected 4% reduction in cattle placements through February will likely be the 
focus of the report and pre-report adjustments. These numbers appear to have 
been partially factored into the market given the strong price shifts over the 
two weeks.

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