Livestock producers eagerly await placement data in USDA’s upcoming Cattle on Feed report
Analysts predict variability in placements data in the upcoming Cattle on Feed report set to release on Friday afternoon with factors like cow numbers and imports at play.
The livestock industry and financial markets are brimming with anticipation as they await the Friday afternoon release of the crucial Cattle on Feed report. Analysts are homing in on one key element among the data—placements.
Experts at DTN forecast that the report will reveal declines across various categories. However, the number of feeders placed last month remains an undetermined variable.
On one end of the spectrum, some industry insiders anticipate placements hovering near the lower end—around 92 percent of last year’s figures—which are attributed to a decrease in the number of cows contributing calves to the market.
On the flip side, other analysts expect placements to reach around 98 percent, just a short drop on the year, primarily driven by an increase in feeder cattle imports from Mexico.
The monthly Cattle on Feed report is scheduled for release on Friday, September 22 at 3:00 p.m. ET. Tune into RFD-TV’s Rural Evening News at 7:30 p.m. ET for the latest analysis from our markets experts.