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USDA Cattle-on-Feed Report Bullish For Cattle Futures This Week

23 September 2013
Jim Wyckoff Commentary -  TheCropSite

US - Last Friday afternoon's U.S. Department of Agriculture cattle-on-feed report showed all three categories on the bullish side of the average pre-report expectations.

The bullish USDA report data and the higher cash cattle trade last week should support live and feeder cattle futures early this week.

USDA's monthly cattle-on-feed report showed a combination of smaller-than-expected placements of cattle on feed and heavier-than-expected marketing of animals last month.

Cattle placed on Feed in August were at 93 per cent of last year's level in August. Cattle placed on feed during August were at 89 per cent of last year's level, while marketing of cattle were at 96 per cent of a year ago.

TheCattleSite News Desk

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any traders and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 1. Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

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