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Cattle on Feed Report                 11/17 14:00

By John A. Harrington
DTN Livestock Analyst

                        USDA Actual  Average Guess      Range
Cattle on Feed:
On Feed November 1         106%       105.5%        105.0-107.0%
Placed in October          110%       107.5%        103.5-113.0%
Marketed in October        106%       105.5%        105.0-106.0%

The Nov. 1 Cattle on Feed report looks somewhat negative, 
especially in terms of larger-than-expected October placement. 
With last month's placement exceeding the marketing total by 
592,000 head, the on-feed total inflated to its largest level 
for the month since 2011 (10.813 million head).

Deferred live cattle futures are likely to open 50-100 points 
lower when business resumes on Monday.

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