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Cattle on Feed, Cattle Inventory Reports Preview   07/23  11:24

Cattle Herd Rebuilding? Trade Eyes July 1 Inventory Report for 
Clues

By ShayLe Stewart
DTN Livestock Analyst

                      USDA Actual   Average Estimate       Range

On Feed July 1                          102.2%      101.1-102.5%
Placed in June                           98.0%        93.7-99.8%
Marketed in June                         97.0%        94.9-98.0%

OMAHA (DTN) -- Friday's July 1 USDA Cattle on Feed report is 
likely going to come as a bearish note to the cattle complex. 
That's because, once again, a slight increase in the total 
number of cattle on feed is anticipated. 

With marketings lagging year-ago levels and cattle simply 
spending more time on feed these days, that's a trend that's not 
likely going to change any time soon. 

Please note that on the same day that the Cattle on Feed report 
is set to be released, the biannual Cattle inventory report is 
also set to be released. Truthfully, that report will draw more 
attention and interest than the Cattle on Feed report will, as 
everyone wants to know the answer to this question: Has there 
been any rebuilding of the cow herd yet?

USDA will release its July 1 Cattle on Feed report and biannual 
Cattle inventory report at 2 p.m. CDT on Friday.

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