No Major Suprises in USDA On-Feed Report

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by John Harrington, DTN Livestock Analyst

The January 1 feedlot inventory looks well anticipated with all three categories coming in close to expectations. The smaller December placement should be generally supportive of deferred live cattle premiums. Yet, these numbers are not expected to make much of a ripple when trade resumes on Monday. Indeed, the strong cash market seems to be the dominant feature in CME trading this month, and that factor should remain true for the foreseeable future.

For more Harrington comments check out http://www.feelofthemarket.com/


 

© Copyright 2012 DTN/The Progressive Farmer, A Telvent Brand. All rights reserved.

Posted with DTN Permission by Haylie Shipp

 

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