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Cattle on Feed Report                  09/19 14:05

By John Harrington
DTN Livestock Analyst

                    USDA     Average
                   Actual     Guess        Range
Cattle On Feed:
On Feed Sept 1        98%      99.0%     97.0-100.0%
Placed in August      97%      96.0%      92.5-99.5%
Marketed in August    90%      90.5%      90.0-93.0%

New on-feed numbers released Friday afternoon look generally neutral with 
all three categories fitting close to trade expectations.

Though a bit larger than the average trade guess, August placement 
activity represented the smallest late-summer total since the data series 
began in 1996.

Marketings of fed cattle during August also represented the lowest total 
since the series began in 1996.

Little reaction is expected by traders when CME trading resumes on Monday.
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