USDA Cattle on Feed Report Estimates

The USDA is scheduled to release it's Monthly Cattle on Feed report today at 3:00 PM ET. The street estimates for Cattle On Feed as of June 1st are near 100.9 % of a year ago, May Placements are estimated to be 92.5 % of a year ago and May marketings are expected to be 92 % of a year ago.