From: Terry Reilly
Sent: Friday, February 21, 2020 3:01:33 PM (UTC-06:00) Central Time (US & Canada)
Subject: Cattle on Feed 02/21/20 w/ FI Graphs
2 PDF’s attached
USDA Cattle on Feed showed February 1 on feed at 102.1 percent of previous year, slightly below expectations. February 1 inventories for this month are highest since 2008. Placements were less than expected by 2.1 percentage points at 99.3 percent of a year ago and marketings came in 4 tenths of percent above expectations at 101.1 percent. January marketings of 1,931,000 head for the month are highest since 2003. Placements are about inline with average.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International │190 S LaSalle St., Suite 410│Chicago, IL 60603
W: 312.604.1366
AIM: fi_treilly
ICE IM: treilly1
Skype: fi.treilly
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cofd0220.pdf