USDA Cattle on Feed Report Preview
24 Oct 2024
OMAHA (DTN) -- With both on-feed and placement totals expected to be lighter than a year ago, Friday's October USDA Cattle on Feed report should be found to be bullish, especially coupled with the fact that September's marketings could be over last year's total.
The only hesitation that I have regarding Friday's report is the placement data, as increasing drought conditions could have driven more cattle to feedlots than originally assumed, but there's a chance that we may not see that number influx until next month.
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USDA will release its Oct. 1 Cattle on Feed report at 2 p.m. CDT on Friday.
| | USDA Actual | Average Estimate | Range |
| On Feed Oct. 1 | | 99.8% | 99.1-100.1% |
| Placed in September | | 95.6% | 94.2-99.0% |
| Marketed in September | | 101.6% | 98.1-103.4% |
ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com
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