NEWS
U.S. Cattle on Feed Report
John Harrington DTN Livestock Analyst
Fri Mar 22, 2013 04:46 PM CDT

HASTINGS, Neb. (DTN) -- The Cattle on Feed report released this afternoon looks surprisingly bullish with February placement totaling much smaller than the average trade guess. Indeed, at 1.48 million head, the February placement turned out to be the lowest for the month since the data series began in 1996. Reluctance to buy feeder cattle last month was tied to adverse winter weather, smaller numbers on wheat pasture, and unattractive projected breakevens. Look for deferred futures to open 50 to 100 points higher when trade resumes on Monday.

USDA Average

Actual Guess Range

Cattle On Feed:

On Feed ...

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