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USDA Cattle on Feed Report Preview
By ShayLe Stewart
Thursday, July 18, 2024 11:36AM CDT

OMAHA (DTN) -- Once again, the big-hitting data point in Friday's July 1 USDA Cattle on Feed report will be placements, given that last month's placements were up 4%.

If last month's data is accurate, then we should see a reduction in the June placement data. But given that analysts' pre-report estimates fall anywhere from 89.9% to 100.7% compared to a year ago, Friday's data could be a wild card.

As the market trudges through the dog days of summer, seeing greater on-feed numbers is never settling. But given that packers have reduced slaughter speeds to hold up the cash market, it is likely that Friday's on-feed figure could be steady to somewhat higher.


USDA will release its July 1 Cattle on Feed report at 2 p.m. CDT on Friday.

USDA Actual Average Estimate Range
On Feed July 1 101.0% 100.1-101.7%
Placed in June 96.4% 89.9-100.7%
Marketed in June 91.5% 90.0-94.5%

ShayLe Stewart can be reached at

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