The average trade estimate of #Cattle on Feed as of June 1 is 100.5% of last year (99.0-101.2 range of ideas) and follows May 104.7, which was positively influenced by the year-over-year comparison to the detrimental COVID impact a year ago. May placements are estimated at 95.4 (93.0-99.4 range) vs 127.2 in April (COVID comparison), while May marketings are estimated at 123.4 (121.6-126.0 range) vs 132.8 in April (COVID comparison)