◂ Event Timeline

Oct 25, 2023REPORTUS

Live cattle futures continue to fall - CME

CME live cattle futures hit their lowest levels since June on Tuesday after larger-than-expected US feedlot placements and inventories reported by USDA. Feeder cattle also slid to multi-month lows, while packers bought cattle cheaper in the cash market.

WHY IT MATTERS

A perceived turn in herd-size direction weighs on cattle prices and could slow feedlot demand for feed grains over the coming year.

AFFECTSLCATTLE▼FCATTLE▼

SOURCE
thecattlesite.comMelanie EppOct 25, 2023

Price reaction & history

LCATTLE▼bearishSO FAR1d +0.3%5d +0.5%20d -3.6%

After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.

Nov 23, 2023US cattle futures sag - CME | The Cattle Site-1.3%
Jul 26, 2017Fund-selling extends CME live cattle futures losses-1.1%
Jun 27, 2023Live cattle weaken on slowing demand - CME | The Beef Site-0.6%
Apr 21, 2025Cattle Falls Out of the Long Weekend+2.0%
Apr 25, 2022Beef production continues to be down in 2022 - Progressive Cattle | Ag Proud+0.5%

FCATTLE▼bearishSO FAR1d +0.2%5d -0.7%20d -4.6%

After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.

Nov 11, 2020CME update: feed cattle futures dip as corn prices rise | The Cattle Site-2.5%
May 25, 2026Feeder cattle futures sink on surprise feedlot data - CME | The Cattle Site+0.5%
Jun 27, 2023Live cattle weaken on slowing demand - CME | The Beef Site+6.1%
Apr 21, 2025Cattle Falls Out of the Long Weekend-1.0%
Apr 25, 2022Beef production continues to be down in 2022 - Progressive Cattle | Ag Proud-1.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

LCATTLE · GP ▸

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FCATTLE · GP ▸

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