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Cattle on Feed Preview             06/20 12:06

                        USDA Actual  Average Guess      Range
Cattle on Feed:
On Feed June 1             xxxxx         101.3%     101.0-101.9%
Placed in May              xxxxx          95.9%       93.2-98.9%
Marketed in May            xxxxx         100.8%      99.8-101.1%

"Cattle on feed numbers at the end of May are expected to be 
slightly higher following the recent upward tick in cattle 
numbers through the spring," said DTN Analyst Rick Kment. "Early 
trade estimates are pegged at 101.3% year-ago levels. These 
estimates focus on a pullback in cattle placements form May 
2018. With the full range of placement estimates from 93.2- 
98.9%, the average estimate of cattle moving into feedyards 
during May is 95.9%. These estimates are expected to be 
generally neutral to the market at this point with market 
emphasis on grain market shifts and long-term beef demand 

The USDA Cattle on Feed report is scheduled for release at 2 
p.m. CDT on Friday, June 21.

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