Daily Livestock Report: Analyst cattle on feed numbers

Analysts polled by Urner Barry ahead of the USDA “Cattle on Feed” report expect modestly higher cale on feed compared to last year, but an ongoing reduction in the flow of cattle entering feedlots (i.e. future supply). On average the 10 analysts polled expect June 1 feedlot inventories to be up 0.9 percent compared to a year ago. A Bloomberg survey of 12 analysts also came up with a similar average of estimates. Download the Daily Livestock Report for June 17, 2015 (PDF)…