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Cattle on Feed Report                 10/20 14:00
By John A. Harrington
DTN Livestock Analyst

                        USDA Actual  Average Guess      Range
Cattle on Feed:
On Feed October 1          105.0%     104.5%        103.5-106.0%
Placed in September        113.0%     107.5%        103.5-116.0%
Marketings in September    103.0%    

The October 1 Cattle on Feed report just released looks 
generally negative, especially in terms of larger-than-expected 
September placements. Indeed, large deferred premiums may 
especially attract selling interest when business resumes on 
Monday. The marketing total came in close to expectations. Keep 
in mind that last month contained one fewer business day than 
the previous year. That means the daily marketing average was 
close to 7 to 8% above 2016. We expect cattle futures to open 50 
to 100 points lower on Monday.

For more Harrington comments, check out 
http://www.feelofthemarket.com


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