Estimates for USDA Cattle on Feed report

The U.S. Department of Agriculture (USDA) Cattle on Feed Report is scheduled for release at 12:00 p.m. ET. The average street estimate for Placements during November is near 112 percent of last year. The average street estimate for Marketings is near 116 percent of a year ago. The street estimate for the December 1st on-feed cattle supply is around 98.5 percent of a year ago.