USDA Cattle on Feed

PDF attached

USDA Cattle on feed as of August 1 was higher than expected, up 1.4 percent from year ago and second highest for August 1 since the series began in 1996. 2020 was the record. Placements were 3.3 percentage points above an average trade guess and marketing were lower than expected.  We thought the hot spells across the Great Plains during the month of July would have had a larger impact on inventories, as many cattle perished and/or went to market early.

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM:  treilly1

Skype: fi.treilly

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