April 1 Cattle on Feed Projected -5.2% on Year; March Placements -4.8%
-- March placements expected on avg 4.8% below year ago; guesses range 1% to 8.5% smaller
-- March marketings seen 1.1% below last year; month had same number of weekdays vs 2022
The average guess for the number of cattle in the nation’s feedyards as of April 1 in Urner Barry’s survey was 5.2% below a year ago.
The monthly on-feed report is scheduled for release at 3 p.m. eastern time Friday.
Placements of young cattle into the feedyards in March were...
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