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US cattle on feed data seen revealing herd growth

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The average guess for the number of cattle in the nation’s feedyards as of March 1 in Urner Barry’s monthly survey was 1.5% above a year ago.

 

The US Department of Agriculture’s monthly on-feed report is scheduled for release at 14:00 Chicago time (19:00 UK time) on Friday.

 

The March 1 on-feed number is predicted on average to be 11.983m head, down 123,000 head, or 1%, from the previous month’s figure of 12.106m. The five-year average for the on-feed number is 11.373m head.

 

Placements of young cattle into the feedyards in February were predicted on average to be 2.5% below a year ago. The wide range of guesses was from 5.8% under to 3.6% above the year-ago figure.

 

The average of analysts’ projections for placements last month puts the number at 1.668m head, 5.2% below the five-year average. The placement number in February last year was 1.711m head.

 

Marketings, or those shipped out for slaughter during the month, were predicted on average at 2.4% below a year ago. The average guess for marketings projects a figure of 1.732m head, 3.5% above the five-year average.

 

February had the same number of weekdays and one less Saturday as it did a year ago.

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