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The Hightower Report said, “The USDA Cattle on Feed Report showed placements for the month of June at 97.1% versus trade expectations of 98.8% and a range of 93.7 to 106.0%. Marketings for June came in at 97.3% of last year as compared with the average estimate of 97.0% and a range of 94.9 to 98.0%. Cattle on Feed supply as of July 1 came in at 102.2% of last year versus average trade estimate of 102.2% with a range of 101.1% to 103.3%.”





