Cattle On Feed and Hogs and Pigs Report
On Feed: 98.5% vs 98.1% estimate
Placed: 102.3% vs 99.5% estimate
Marketed: 99.6% vs 99.8% estimate
Cattle on feed report was negative to price action compared to pre-report expectations.
Hogs and Pigs Report
All Hogs: 96% vs 98.3% estimate
Kept For Breeding: 98% vs 98.9% estimate
Kept For Marketing: 96% vs 98.2% estimate
Kept For Breeding: 98% vs 98.9% estimate
Kept For Marketing: 96% vs 98.2% estimate
Hogs and Pigs report is bullish compared to pre-report estimates.