USDA Cattle on Feed Report
John Harrington DTN Livestock Analyst
Fri May 18, 2012 02:06 PM CDT

USDA Cattle On Feed Report

USDA Actual Average Guess Range
Cattle On Feed:
On Feed May 1 99.0% 100.5% 99.5-101.1%
Placed in April 85.0% 88.5% 83.0-98.5%
Marketed in April 100.0 98.5% 96.5-99.0%

Every trader and his dog were looking for bullish numbers on the May 1 Cattle on Feed report released this afternoon. Fortunately, neither man nor beast was disappointed.

In fact, all three categories printed on the friendly side of private guesses: on feed, 99%; placed in April 85%; marketed in April, 100%. The positive implications of these totals should be enough to cause cattle futures to open ...

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