# Cattle market optimism builds toward Q4: Peel

> Oklahoma State extension economist Derrell Peel says the fed cattle market looks poised to break higher in late third quarter, with auction calf and stocker prices rising counter-seasonally. The August Cattle on Feed report showed July placements at 91.9% of last year and feedlot inventories at 98.1% of 2020 levels.

- Date: 2021-08-23 · published 2021-08-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10059-cattle-market-optimism-builds-toward-q4-peel
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower feedlot placements and inventories signal tighter fed cattle supply, supporting cattle prices and tempering feed demand growth.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-08-23 | 1 | +1.8% | 3.5 | Cattle on Feed showed July placements at 91.9% of last year and inventories at 98.1%, signaling tighter supply and fueling bullish expectations for fed cattle prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-08-23 | [Cow-Calf Corner: Cattle market optimism builds towards the fourth quarter; heat stress in cattle; beef quality assurance program injection site guidelines - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/45519-cow-calf-corner-cattle-market-optimism-builds-towards-the-fourth-quarter-heat.md) | -0.0% | +0.0% |
| LCATTLE | 2019-08-21 | [Kentucky Beef Cattle Market Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/57532-kentucky-beef-cattle-market-update-ohio-beef-cattle-letter.md) | +1.6% | -4.3% |
| LCATTLE | 2026-02-02 | [How Bullish is the Cattle Inventory Report for the Cattle Market? - AgWeb](https://feedsoft.ai/events/20729-how-bullish-is-the-cattle-inventory-report-for-the-cattle-market-agweb.md) | +1.4% | +4.3% |
| LCATTLE | 2022-11-21 | [What Does Friday's Bullish Cattle on Feed Report Mean for the Cattle Market?](https://feedsoft.ai/events/38810-what-does-friday-s-bullish-cattle-on-feed-report-mean-for-the-cattle-market.md) | +0.9% | +1.7% |
| LCATTLE | 2026-02-25 | [Cattle Market Pushes Higher and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/20740-cattle-market-pushes-higher-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | -3.1% | -4.4% |
| FCATTLE | 2021-08-23 | [Cow-Calf Corner: Cattle market optimism builds towards the fourth quarter; heat stress in cattle; beef quality assurance program injection site guidelines - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/45519-cow-calf-corner-cattle-market-optimism-builds-towards-the-fourth-quarter-heat.md) | +3.5% | -2.5% |
| FCATTLE | 2019-08-21 | [Kentucky Beef Cattle Market Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/57532-kentucky-beef-cattle-market-update-ohio-beef-cattle-letter.md) | +1.7% | +2.6% |
| FCATTLE | 2023-03-30 | [Feed grain outlook lifts feeder cattle market - Grainews](https://feedsoft.ai/events/5599-feed-grain-outlook-lifts-feeder-cattle-market-grainews.md) | +3.3% | +5.9% |

## Sources

- meatingplace.com: https://meatingplace.com/cattle-market-optimism-builds-toward-q4-peel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.