Cattle on Feed Preview   08/20  16:48

Mexico Cattle Imports Likely to Overshadow August Cattle on Feed 
Report

By ShayLe Stewart
DTN Livestock Analyst

                      USDA Actual   Average Estimate       Range

On Feed Aug. 1                          102.5%      102.3-102.9%
Placed in July                           93.5%        92.3-95.1%
Marketed in July                         92.6%        92.2-93.4%

OMAHA (DTN) -- USDA's Aug. 1 Cattle on Feed report isn't 
expected to shake the market by any degree, as it will likely be 
quickly overshadowed by the U.S. border reopening to Mexican 
cattle imports starting on the following Monday, Aug. 24.

And when you take into consideration the pre-report data, the 
report is expected to yield a similar scenario the market has 
seen time and time again in months past where the total number 
of cattle on feed is higher, while both placements and the 
number of cattle marketed are lower.

I don't expect there to be any wild cards in Friday's report, 
and it's very likely that the report will be quickly forgotten 
about given the other developing factors at play.

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

ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com