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June 1 Cattle On Feed Projected 3.2% Below Year-Ago

Market analysts and economists participating in the Urner Barry monthly Cattle on Feed survey predicted on average the June 1 on-feed number at 3.2% below a year ago. On feed estimates ranged from 96.4% to 96.9% of year-ago levels. 

USDA will release its monthly on-feed report at 3 pm eastern time Friday.

Placements of young cattle in May were predicted on average at 1.7% above a year ago. If accurate, it would be the first time that placements increased year over year since August 2022. The range of guesses...

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