Cattle on Feed Report 11/17 14:00
By John A. Harrington
DTN Livestock Analyst
USDA Actual Average Guess Range
Cattle on Feed:
On Feed November 1 106% 105.5% 105.0-107.0%
Placed in October 110% 107.5% 103.5-113.0%
Marketed in October 106% 105.5% 105.0-106.0%
The Nov. 1 Cattle on Feed report looks somewhat negative,
especially in terms of larger-than-expected October placement.
With last month's placement exceeding the marketing total by
592,000 head, the on-feed total inflated to its largest level
for the month since 2011 (10.813 million head).
Deferred live cattle futures are likely to open 50-100 points
lower when business resumes on Monday.
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