With Cattle on Feed coming out tomorrow, Allendale said that there is an expected increase of around 1.7%, with placements increasing by 3.3% and marketings falling by 3.2 percent.

Allendale also said China may lift the ban on U.S. poultry as a part of the ongoing trade negotiations. “There was a period in time, back in 2009, when mainland China accounted for 11% of all U.S. exports,” they said.