USDA Cattle On Feed Report Estimates

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