USDA Cattle On Feed Due Friday

The USDA will release its monthly Cattle on Feed report Friday at 12:00 p.m. ET. The Street is estimating Cattle On Feed as of May 1 at 101.8 percent of a year ago. Placed in April data is estimated to be 102.7 percent of a year ago and Cattle Marketed in April is estimated to be 92.6 percent of a year ago.