# Market Wrap-Up: May 21, 2021 | Western Livestock Journal

> Live cattle futures rose on May 21, 2021, ahead of the Cattle on Feed report. The report showed May 1 cattle inventory up 5% at 11.7 million head, with April placements and marketings both about 27% to 33% above 2020. June live cattle closed up $1.07 at $117.67 and August up $1.05 at $120.92, while corn contracts traded lower.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10276-market-wrap-up-may-21-2021-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The report showed large feedlot inventories and strong placements and marketings, which points to ample near-term cattle supply. Lower corn prices reduce feed costs and support feedlot margins.

## Read by commodity

- CORN: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +0.9% | +2.5% |
| LCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +2.1% | +1.7% |
| LCATTLE | 2017-11-01 | [Futures surge following report shock \| Western Livestock Journal](https://feedsoft.ai/events/5328-futures-surge-following-report-shock-western-livestock-journal.md) | +4.5% | +0.8% |
| LCATTLE | 2021-02-05 | [Cattle inventories drift slightly lower \| Western Livestock Journal](https://feedsoft.ai/events/48573-cattle-inventories-drift-slightly-lower-western-livestock-journal.md) | +0.0% | +1.6% |
| LCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | +1.2% | +4.1% |
| CORN | 2020-03-09 | [Cattle feeding returns faltering \| Western Livestock Journal](https://feedsoft.ai/events/5174-cattle-feeding-returns-faltering-western-livestock-journal.md) | +0.3% | -1.7% |
| CORN | 2017-03-10 | [Crop and livestock market update - Commercial Farmers' Union of Zimbabwe](https://feedsoft.ai/events/71975-crop-and-livestock-market-update-commercial-farmers-union-of-zimbabwe.md) | +1.9% | +0.8% |
| CORN | 2021-09-30 | [Daily Market Wire 1 October 2021 - Grain Central](https://feedsoft.ai/events/45040-daily-market-wire-1-october-2021-grain-central.md) | +0.3% | +2.8% |

## Sources

- wlj.net: https://www.wlj.net/market-wrap-up-may-21-2021/

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