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US cattle on feed data seen showing herd growth

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The average guess for the number of cattle in the nation’s feedyards as of January 1 in Urner Barry’s monthly survey was 2.1% above a year ago.

 

The US Department of Agriculture’s monthly on-feed report is scheduled for release at 14:00 Chicago time (20:00 UK time) eastern time Friday.

 

The January 1 on-feed number is predicted on average to be 12.284m head, up 252,651 head, or 2.1%, from the previous month’s figure of 12.031m.

 

The five-year average for the on-feed number is 11.105m head.

 

Rise in placements

Placements of young cattle into the feedyards in December were predicted on average to be 3.3% above a year ago.

 

The range of guesses was from 0.5% to 6.5% over the year-ago figure.

 

The average of analysts’ projections for placements last month puts the number at 1.825m head, 8.3% above the five-year average.

 

The placement number in December last year was 1.767m head.

 

Marketings accelerate

Marketings, or those shipped out for slaughter during the month, were predicted on average at 5.3% above a year ago.

 

The average guess for marketings projects a figure of 1.833m head, 6.4% above the five-year average.

 

December had one more week day compared with a year ago.

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