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Cattle on Feed Report Preview   05/23  08:45

By ShayLe Stewart
DTN Livestock Analyst

                      USDA Actual   Average Estimate       Range
On Feed May 1                            99.1%        97.9-99.9%
Placed in April                          93.3%        86.5-98.0%
Marketed in April                       109.5%      104.6-110.7%

OMAHA (DTN) -- Friday's May 1 Cattle on Feed report will be one 
worth combing through as the report is expected to differ from 
months past with total on-feed numbers potentially lighter than 
a year ago and marketings up dramatically. 
The cash cattle market has traded anywhere from 83,000 to 93,000 
head in each of the last four weeks, which aligns with the data 
presented and shares a bullish outlook for the industry heading 
into summer. Placements are also expected to be lower than a 
year ago, with a big range estimating placements anywhere from 
86.5% to 98.0% of a year ago. At this point, it's no surprise to 
anyone that feeder cattle supplies are limited and that 
placements could be lighter. 
Needless to say, Friday's May 1 Cattle on Feed report will be 
worth paying attention to as all three of the categories could 
present changes. USDA will release its May 1 Cattle on Feed 
report at 2 p.m. CDT on Friday.

ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com

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