Cattle On Feed and Pro Farmer Estimates 8/20/21
On Feed: 98% vs 98.3% estimate
Placed: 92% vs 93.2% estimate
Marketed: 95% vs 96.5% estimate
Cattle on feed report friendly to futures price action, look for a firmer start on Monday.
Pro Farmer Crop Estimates
Production 15.116 B/bu
Production 4.436 B/bu
Keep in mind the Tour is always statistically high, as they survey the best corn areas of the country. These numbers than would correlate with the August WASDE numbers.