Austin Schroeder at Barchart.com said, “Traders are looking to get into position ahead of the Cattle on Feed report later this afternoon. Futures posted 67 cent to $1.05 gains on Wednesday, followed by a holiday break. Cash trade has pulled back this week with $236 reported in the north, down $4-6 and $231 in the south, $5 lower.” The Hightower Report said, “Estimates for the upcoming Cattle on Feed report have On Feed at 99.0% (range of 98.1% to 99.9%) versus last year at 99.9%. Placement average estimate is 94.0% (range of 88.0% to 97.7%) versus last year at 104.3%. The average estimate for Marketings is 90.4% with a range of 89.3% to 95.0%. Last year at this time was 100.2%.